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2021-09-17

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HK-listed Wanda Hotel drops most in 2 years as Sunac hotel deal scrapped

** Shares of Wanda Hotel Development Co Ltd drop 9.9% to HK$0.32, the biggest daily percentage decli

HK-listed Wanda Hotel drops most in 2 years as Sunac hotel deal scrapped

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Veon6620
·2021-09-17
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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHK-listed Wanda Hotel drops most in 2 years as Sunac hotel deal scrapped\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-09-17 12:32</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>** Shares of Wanda Hotel Development Co Ltd drop 9.9% to HK$0.32, the biggest daily percentage decline since Aug 2019</p>\n<p>** Stock on track for weekly decline of 10.9%, the biggest such drop since mid-March 2020</p>\n<p>** Co says it has reached an agreement with Sunac China Holdings Ltd for early termination of hotel management agreements for 21 hotels owned by Sunac and managed by Wanda</p>\n<p>** Says Sunac has agreed to pay 133.32 mln yuan ($20.7 mln) to co as compensation for early termination, and another 68.59 mln yuan to settle all outstanding payables accrued up to June 30</p>\n<p>** Wanda says its hotel operation and management business will be negatively affected by termination</p>\n<p>** Shares of Chinese property developer Sunac fall 2.9% to HK$13.32, lowest since June 2017</p>\n<p>** The Hong Kong Hang Seng Composite Index tracking properties and construction stocks slips 0.8% while the Hang Seng Composite Index climbs 0.6%</p>\n<p>** The Hang Seng China Enterprises Index gains 0.9% and the benchmark index adds 0.4%</p>\n<p>** As of last close, Wanda stock had surged 16.4% this year</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"01918":"融创中国","00169":"万达酒店发展"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2168752310","content_text":"** Shares of Wanda Hotel Development Co Ltd drop 9.9% to HK$0.32, the biggest daily percentage decline since Aug 2019\n** Stock on track for weekly decline of 10.9%, the biggest such drop since mid-March 2020\n** Co says it has reached an agreement with Sunac China Holdings Ltd for early termination of hotel management agreements for 21 hotels owned by Sunac and managed by Wanda\n** Says Sunac has agreed to pay 133.32 mln yuan ($20.7 mln) to co as compensation for early termination, and another 68.59 mln yuan to settle all outstanding payables accrued up to June 30\n** Wanda says its hotel operation and management business will be negatively affected by termination\n** Shares of Chinese property developer Sunac fall 2.9% to HK$13.32, lowest since June 2017\n** The Hong Kong Hang Seng Composite Index tracking properties and construction stocks slips 0.8% while the Hang Seng Composite Index climbs 0.6%\n** The Hang Seng China Enterprises Index gains 0.9% and the benchmark index adds 0.4%\n** As of last close, Wanda stock had surged 16.4% this year","news_type":1},"isVote":1,"tweetType":1,"viewCount":322,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":7,"xxTargetLangEnum":"ORIG"},"commentList":[{"id":5900029,"commentId":"5900029","gmtCreate":1631855777961,"gmtModify":1663234013648,"authorId":3581547615722192,"author":{"id":3581547615722192,"idStr":"3581547615722192","authorId":3581547615722192,"name":"Veon6620","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":884310257,"objectIdStr":"884310257","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"Comment ","text":"Comment ","html":"Comment ","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"invalid","coins":0,"score":0}],"hasMoreComment":true,"orderType":2}