Currently，188bet has entered into a novation agreement with Dalian Wanda Commercial Management Group and Dalian Wanda Group。

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Project Business、Travel、Shopping、Entertainment、Gourmet food、Casual、Residence and other functions in one。

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Nowadays, with the improvement of urbanization level and changes in people’s consumption level，Some well-established high-end hotels in China have successively "flipped" and replaced them with new ones。Wanda Hotels and Resorts takes this opportunity to attack with all its strength，Aiming to create a classic case of hotel flop。

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The group achieved revenue of 655 million yuan in 2020.

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It is inevitable for hotel groups to become asset-light.

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Chicago Tower was jointly developed by Wanda Hotels and Magellan Parcel C/DLLC in 2014，The former holds 90% of the equity。

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The disposal is expected to generate proceeds of approximately HK million.

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The current total market value of 188bet Development is 12.HK.5 billion。

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188bet will focus its business transformation strategy on charging business in the future。

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188bet sells approximately 53% stake in Amazing Wise Limited (target company)，The total consideration is HK million，Hold by the target company、Operation and management of Hengli City。Hengli City is a residential building located in the core financial district of Fuzhou、Office and retail complex project。

188bet 2019-12-16 09:09:12