Jin Jiang Hotels Plans to Acquire Remaining 10% Stakes in Vienna Hotel and Baisuicun Catering for 811 Million Yuan

为自有资金及银行贷款··CN·Read original
2▲2 ▼0Impact / 5
Summary · why it matters

Jin Jiang Hotels announced after market close on September 29 that it plans to acquire, through a negotiated transfer, the 10% stakes held by Huang Deman in Vienna Hotel Co., Ltd. and Shenzhen Baisuicun Catering Chain Co., Ltd., for a total transaction price of approximately 811 million yuan. Upon completion, Jin Jiang Hotels' shareholding in both companies will rise from 90% to 100%, achieving full ownership. The 10% stake in Vienna Hotel is valued at 810.0304 million yuan, while the 10% stake in Baisuicun Catering is valued at 953,600 yuan, funded by internal resources and bank loans. The transaction was approved at the 19th meeting of the company's 11th board of directors on September 29, with all nine directors voting in favor, and does not require shareholder approval. It has also received prior filing with the Shanghai State-owned Assets Supervision and Administration Commission. Vienna Hotel reported operating revenue of 3.485 billion yuan and net profit of 545 million yuan for 2025, and revenue of 1.687 billion yuan and net profit of 230 million yuan for the first half of 2026. Jin Jiang Hotels previously acquired an 80% stake in Vienna Hotel for 1.75 billion yuan in April 2016, and a further 10% stake for 220 million yuan in 2022. With this acquisition of the remaining 10%, Vienna Hotel will become fully owned.

Impact on assets 2

Others▲ · 2 stocks

Off-coverage companies 1

Vienna Hotels Co., Ltd.Private± Mixed
Capitalrelevance

Vienna Hotel is the acquisition target whose remaining 10% stake is being bought by Jin Jiang Hotels, making it a wholly owned subsidiary.

© 2026 MarketIVNews