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Wanda Hotel Development Co Ltd (0169.HK)

0169.HK on Hong Kong Stock

1.35HKD
18 Jan 2018
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Latest Key Developments (Source: Significant Developments)

Wanda Hotel Development Updates On Disposal
5:06pm IST 

Jan 23 (Reuters) - Wanda Hotel Development Co Ltd <0169.HK>::REFERENCE IS MADE TO ANNOUNCEMENTS OF WANDA HOTEL DEVELOPMENT COMPANY LIMITED DATED 19 JANUARY 2018.ON 18 JANUARY 2018, A NON-WHOLLY OWNED SUBSIDIARY OF COMPANY ENTERED INTO AN AGREEMENT WITH AN INDEPENDENT THIRD PARTY.DEAL IN RELATION TO DISPOSAL OF SHARE CAPITAL OF UNIT WHICH OWNS RIGHTS AND INTERESTS IN SOME PROPERTY PROJECTS IN AUSTRALIA.TRADING IN SHARES OF COMPANY ON STOCK EXCHANGE REMAINS HALTED.AN ANNOUNCEMENT RELATING TO DISPOSAL TO BE MADE BY COMPANY IN COMPLIANCE WITH LISTING RULES.  Full Article

Wanda Hotel Development Co Sells 60 Pct Stake In Wanda International Real Estate Investment Co
Tuesday, 16 Jan 2018 

Jan 16 (Reuters) - Wanda Hotel Development Co Ltd <0169.HK>::DEAL FOR GBP35.6 MILLION ‍​.ANNOUNCES DISPOSAL OF LONDON PROPERTY PROJECT.SELLS 60 PERCENT STAKE IN WANDA INTERNATIONAL REAL ESTATE INVESTMENT CO.‍DISPOSAL IS EXPECTED TO GIVE RISE TO A GAIN OF ABOUT HK$434 MILLION​.SAYS DEAL INCLUDES ‍DEBT OF £159.5 MILLION (ABOUT HK$1.68 BILLION)​.  Full Article

Wanda Hotel Development Co Proposes Reorganisation
Monday, 4 Dec 2017 

Dec 4 (Reuters) - Wanda Hotel Development Co Ltd <0169.HK>::‍WANDA OVERSEAS SIGNED A NON- LEGALLY BINDING LETTER OF INTENT (LOI) WITH WANDA INVESTMENT HOLDING.PURSUANT TO LOI 3.06 BILLION ORDINARY SHARES OF COMPANY WILL BE TRANSFERRED TO NEW HOLDCO AT HK$1.20 PER SHARE.AS NEW HOLDCO FULLY OWNED BY WANG JIANLIN, CO'S ULTIMATE CONTROLLING SHAREHOLDER TO BE UNCHANGED AFTER PROPOSED TRANSFER.REFERS TO WANDA INVESTMENT HOLDING CO. LTD AS "NEW HOLDCO" IN ANNOUNCEMENT.  Full Article

Wanda Hotel Development Co says HY revenue hk$258.0 million versus hk$99.8 million<0169.HK>
Wednesday, 17 Aug 2016 

Wanda Hotel Development Co Ltd <0169.HK>: Says no dividend has been declared in respect of the six months ended 30 June 2016 . Group will continue to focus on international gateway cities which attract a significant number of tourists" . Says HY revenue hk$258.0 million versus hk$99.8 million . HY net loss hk$37.1 million versus loss hk$82.1 million . Group will continue to hold the commercial component and hotel assets for investment purpose . Will steadily develop the existing projects, residential component will be sold as scheduled if market conditions are favourable .  Full Article

Wanda Hotel Development clarifies on media article for selling property project in Madrid<0169.HK>
Friday, 22 Jul 2016 

Wanda Hotel Development Co Ltd <0169.HK>: Notes certain media articles appearing on 21 July 2016 stating, that group agreed with baraka to sell group's property project in Madrid . On 12 July 2016 unit signed a mou with baraka global invest, s.l.u . Deal was in relation to negotiation and possible sale of all the issued shares in Wanda Madrid development by group to baraka . Possible disposal is still under discussion and negotiation and subject to final agreement .  Full Article

BRIEF-Wanda Hotel Development Updates On Disposal

* REFERENCE IS MADE TO ANNOUNCEMENTS OF WANDA HOTEL DEVELOPMENT COMPANY LIMITED DATED 19 JANUARY 2018

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