January 28，Zhejiang Kaiyuan Hotel Management Co., Ltd. announced，Somerley Capital Limited has been appointed as the company’s independent financial advisor，In order to determine whether the terms of the offer are fair and reasonable、Should the offer be accepted、Whether delisting and shareholder arrangements are fair and reasonable，188bet app download And voting matters，Providing advice to the Independent Board Committee。

Independent financial advisor is about to make an offer、Delisting and shareholder arrangements letter of submission to the independent board committee will be included in the comprehensive document，At the same time，This institution is a corporation licensed to engage in Type 1 (dealing in securities) and Type 6 (advising on corporate finance) regulated activities under the Securities and Futures Ordinance。

Guandian Real Estate New Media learned，20th of this month，Kaiyuan Hotel and the offeror Kunpeng Asia Limited issued an announcement，The Board received a letter from the offeror，Indicates that the prerequisites are met，The offeror will make a voluntary conditional offer for H shares and domestic shares in accordance with the Takeover Code，If implemented，This move 188bet app will result in delisting。

Announcement date，Kaiyuan Hotel resumes sales，The stock price rose 17 per share before the market opened.HKD 22，Increase of 18.27%。

Later on January 27，New Century Hotel and Kunpeng Asia Limited issued an announcement，Previously, regarding the privatization, Sequoia Capital and Ouling Investment made offers to revoke Kaiyuan Hotel’s H-share listing status，Sending comprehensive documents on this matter will be delayed。

At the same time，The offeror and the company's board of directors intend to merge the offer document and the offeree's board of directors circular into a comprehensive document。Pursuant to Rule 8 of the Takeovers Code.2，The comprehensive document should be sent to shareholders within 21 days from January 20, 2021 (i.e. on or before February 10, 2021)。

188bet app ComeSource: Guandian Real Estate Network, original title: "Concerning terms of offer、Delisting and shareholder arrangements, etc. Kaiyuan Hotel has appointed an independent financial advisor》.