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The prerequisites for the privatization tender 188bet login of Kaiyuan Hotel have been met

Author of this 188bet login: Guandian Real Estate Network 2021-02-08

Privatization received offers from Sequoia Capital and Ouling Investment，Acquisition premium 24.7%。

February 5，Zhejiang Kaiyuan Hotel Management Co., Ltd. issued an announcement，The conditions precedent to the tender 188bet login have been met。

Announcement display，The conditions precedent to the making of the 188bet login and delisting are，Under antitrust review in China of transactions proposed under the 188bet login and Delisting under China’s Antitrust Law，Within the statutory review period stipulated in China’s Anti-Monopoly Law，Obtained approval from the Market Supervision Bureau，And the approval does not attach any conditions in accordance with China’s Anti-Monopoly Law，The Market Regulation Authority has not made a decision against the proposed transaction。

The Offeror and the Company are pleased to announce，On February 5, 2021，Prerequisites have been met。

According to past reports，Previous Kaiyuan Hotel Announcement，The privatization of Kaiyuan Hotel received an 188bet login from Sequoia Capital and Ouling Investment，Acquisition premium 24.7%。

Among them，The H share offer will be made by UBS on behalf of the offeror at a price of 18 per H share.Withdrawal of 15 Hong Kong dollars。The cash offer price is RMB 16 per share higher than the offering price of H shares in the global offering in March 2019.50 Hong Kong dollars is a premium of about 10.0%；The closing price of H shares on the Stock Exchange on the last trading day was 14 per share.56 Hong Kong dollars, a premium of about 24.7%。Based on the cash offer price of 18 H shares per share.HK and the total number of H shares involved in the H 188bet login 55,170,000 H shares calculation，The total consideration of the H-188bet login approximately 10.HK>251_word_end<.1 billion。

The offer of domestic shares will be made by the offeror at RMB 15 per domestic share.Proposed based on 18 yuan。Based on cash offer price 15 per domestic share.18 yuan and the total number of domestic shares involved in the domestic 188bet login 25,959,477 domestic shares，The total consideration of the domestic 188bet login approximately RMB 3.9.4 billion yuan。

*thisSource of 188bet login: Guandian Real Estate Network, original title: "The prerequisites for the privatization tender 188bet login of Kaiyuan Hotel have been met》.

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