China Lodging Group to Acquire Shares of Quanjude for RMB14.0/Share
October 11, 2013 at 05:51 AM EDT
China Lodging Group (NASDAQ: HTHT ) today announced that the Company, through one of its subsidiaries, entered into a purchase agreement ("Agreement") to acquire ordinary shares of China Quanjude (Group) Co., Ltd. ("Quanjude", SHE:002186) through a private placement of RMB100 million (approximately US$16.3 million), effective upon meeting certain closing
