Starwood cuts stake in Jin Jiang Hotel to 5.89%
Published: 23 Jul 2009 20:10:00 PSTJul. 24, 2009 (China Knowledge) - Hotel JJ Holdings Ltd, a subsidiary of Starwood Capital Group Global LLC, recently cut its shareholding in Shanghai Jin Jiang International Hotel Group Co Ltd<2006> to 5.89% from the previous 6.15%, according to the bourse operator Hong Kong Exchanges and Clearing<0388>. Information from HKEx showed that Hotel JJ sold 3.55 million shares of Jin Jiang Hotel on Jul. 20 for HK$5.76 million. The average share price of the transaction was HK$1.62 apiece. Shares of Jin Jiang Hotel, one of China's leading hotel operators and managers, edged down 0.59% to end at HK$1.69 on Thursday. Copyright © 2009 www.chinaknowledge.com |
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