BTG Hotels Group Co Ltd (600258.SS) Key Developments | Reuters.com
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BTG Hotels Group Co Ltd (600258.SS)

600258.SS on Shanghai Stock Exchange

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24 Jun 2016
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Latest Key Developments (Source: Significant Developments)

BTG Hotels (Group) to pay 2015 div on June 24
Friday, 17 Jun 2016 03:55am EDT 

BTG Hotels (Group) <600258.SS>:Says it will pay 2015 div on June 24.  Full Article

BTG Hotels (Group) to sell stake in Shou Qi Group
Monday, 25 Apr 2016 08:00pm EDT 

BTG Hotels (Group) Co., Ltd:Says to sell 8.2775 pct stake in Beijing-based co Shou Qi Group to Beijing Tourism Group for 160,720,567 yuan.Says it current holds 18.2775 pct stake in target co.  Full Article

BTG Hotels (Group) expects 2016 Q1 net profit to fall
Friday, 8 Apr 2016 08:00pm EDT 

BTG Hotels (Group) Co., Ltd:Says 2016 Q1 net profit outlook of 7 million yuan, to decrease by 76.3 percent compared with 2015 Q1.Says 2015 Q1 net income was 29.7 million yuan.Comments that expense from Homeinns acquisition is the main reason for the forecast.  Full Article

BTG Hotels (Group) acquires Homeinns Hotel Group
Monday, 4 Apr 2016 08:00pm EDT 

BTG Hotels (Group) Co., Ltd:Says it completes acquisition of 100 pct stake in Homeinns Hotel Group.  Full Article

BTG Hotels (Group) announces 2015 dividend payment
Wednesday, 30 Mar 2016 08:00pm EDT 

BTG Hotels (Group) Co., Ltd:To pay cash dividend of 1.5 yuan per 10 shares (before tax) to shareholders for 2015.  Full Article

BTG Hotels (Group) to set up JV
Wednesday, 30 Mar 2016 08:00pm EDT 

BTG Hotels (Group) Co., Ltd:To set up a joint venture in Beijing, with Zhejiang-based network technology company and Beijing-based information technology company.The joint venture will be engaged in provision of e-commerce service business, with a registration capital of 50 million yuan.The company will hold a 30 pct stake in the joint venture.  Full Article

BTG Hotels (Group) subsidiary to sell 100 pct stake in Ningbo-based spring spa hotel
Wednesday, 9 Dec 2015 07:00pm EST 

BTG Hotels (Group) Co., Ltd:Ningbo-based subsidiary to sell 100 pct stake in Ningbo-based spring spa hotel.Transaction amount of 103 mln yuan.  Full Article

BTG Hotels (Group) to acquire stake in Homeinns Hotel Group and Poly Victory
Monday, 7 Dec 2015 07:00pm EST 

BTG Hotels (Group) Co., Ltd:The company will acquire 65.13 pct stake in Homeinns Hotel Group (target company) by cash payment, through two overseas special purpose subsidiaries which are newly established (respectively located in Hong Kong and Cayman) for this merger and acquisition, will perform this major transaction.According to merger agreement signed by the company, two special purpose subsidiaries and target company, the company will pay the consideration at $17.90 per share to target company's shareholders.When issued merger agreement, target company entire shareholders' equity will be canceled and Hong Kong-based special purpose subsidiary will provide cash consideration, then Cayman-based special purpose subsidiary will be merged by target company.Cayman-based special purpose subsidiary will be dissolved after the merger.To issue 33,621,685 shares at 15.69 yuan per share to eight parties, to acquire 100 pct stake in Poly Victory, 19.60 pct stake in target company.Transaction amount is $1,124 mln (about 7,178 mln yuan).Poly Victory hold a 15.27 pct stake of target company.After the transaction, the company will direct and indirect holding 34.87 pct stake in target company.To issue 246,862,556 shares at 15.69 yuan per share through private placement, to raise up to 3,874 mln yuan.Proceeds will be used for the stake acquisition and business integration.To hold 100 pct stake respectively in Poly Victory and target company, after the transaction.  Full Article

BTG Hotels (Group) announces shareholding changes
Monday, 7 Dec 2015 07:00pm EST 

BTG Hotels (Group) Co., Ltd:Shanghai-based tourism information technology company and Wise Kingdom Group Limiteds combine stake in the company will be increased to 22.41 pct (107,213,216 shares) up from 0 pct.Shen Nanpeng and Smart Master International Limiteds combine stake in the company will be increased to 5.84 pct (27,930,431 shares) up from 0 pct.  Full Article

BTG Hotels (Group) to take out loan from shareholder
Monday, 7 Dec 2015 07:00pm EST 

BTG Hotels (Group) Co., Ltd:To apply to its controlling shareholder, Beijing Tourism Group for an entrusted loan of 800 mln yuan.  Full Article

BRIEF-BTG Hotels gets regulatory approval for asset restructuring

* Says it gets regulatory approval for asset restructuring, share trade to resume on April 11