Key Developments For Ctrip.com International, Ltd.
Ctrip.com International, Ltd. (CTRP.O) (Nasdaq)
Ctrip.com International, Ltd. Issues Q4 2009 Revenue Outlook
Ctrip.com International, Ltd. announced that for the fourth quarter of 2009, it expects a year-on-year net revenue growth rate of approximately 25%-30%. The Company reported revenue of $58 million in the fourth quarter of 2008. According to Reuters Estimates, analysts on an average are expecting the Company to report revenue of $76 million for the fourth quarter of 2009.
Ctrip.com International, Ltd. Issues FY 2009 Revenue Outlook Above Analysts' Estimates
Ctrip.com International, Ltd. announced that for fiscal 2009, it expects year-on-year net revenue growth of approximately 25%. The Company reported revenue of $168.7 million for fiscal 2009. According to Reuters Estimates, analysts on an average were expecting the Company to report revenue of $197.7 million for fiscal 2009.
Home Inns & Hotels Management Inc. Announces Completion Of Funding Transaction To Ctrip.com International, Ltd
Home Inns & Hotels Management Inc. announced that it has completed the issuance and sale of $50 million in equity, or 7,514,503 ordinary shares, to Ctrip.com International, Ltd. through a private placement. This transaction was completed on the terms originally announced on May 7, 2009.
Ctrip.com International, Ltd. Comments On Q2 2009 Revenue Guidance
Ctrip.com International, Ltd. announced that for second quarter of 2009, it expects to continue the year-on-year net revenue growth of approximately 10%-15%.
Ctrip.com International, Ltd. Announces Signing Of Definitive Agreement For Acquiring Additional Shares Of Home Inns
Ctrip.com International, Ltd. announced that it has entered into a definitive purchase agreement to acquire additional 7,514,503 ordinary shares of Home Inns & Hotels Management Inc. (Home Inns) through a private placement of $50 million in equity. The purchase price per ordinary share is set at $6.6538 or $13.3076 per American Depository Share (ADS; each ADS equals two ordinary shares), calculated as the average of the closing prices for Home Inns' American depository shares on Nasdaq for each trading day within the 30 calendar days preceding the Agreement date, i.e., within the 30 calendar days from and including April 7, 2009 up to and including May 6, 2009. This transaction will increase the Company's ownership in Home Inns by 9.52% to a total of 18.25% of its aggregate basic shares outstanding. Prior to the transaction, the company held 3,443,131 ADS, representing 6,886,262 ordinary shares of Home Inns. The transaction is expected to close on or before May 21, 2009, subject to customary closing conditions. The Company will pay $20 million at closing and the remaining $30 million within 30 days of closing.
