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SHANGHAI, China, Jan 03, 2020 (GLOBE NEWSWIRE via COMTEX) — SHANGHAI, China, Jan. 03, 2020 (GLOBE NEWSWIRE) — Huazhu Accumulation Bound HTHT, 1.52% (the “Company”), a arch and fast-growing auberge group, today appear that its lath of admiral has declared a banknote allotment of US$0.34 per accustomed share, or US$0.34 per American Depositary Allotment (“ADS”). Holders of the Company’s accustomed shares or ADS at the abutting of trading on January 10, 2020 (U.S. Eastern Time) (the “Record Date”) will be advantaged to accept the banknote dividend. Citibank, N.A., depositary coffer for the Company’s ADS affairs (the “ADS Depositary”), expects to pay out assets to ADS holders afore February 29, 2020. Assets to be paid to the Company’s ADS holders through the ADS Depositary will be accountable to the acceding of the drop acceding by and amid the Company and the ADS Depositary, and the holders and benign owners of ADS issued thereunder, including the fees and costs payable thereunder.
The absolute bulk of banknote to be broadcast for the appropriate allotment is accepted to be about US$100 million.
As of September 30, 2019, the Company had about US$622 actor in cash, banknote equivalents and belted cash.
About Huazhu Accumulation Limited
Huazhu Accumulation Bound is a arch auberge abettor and franchisor. As of September 30, 2019, Huazhu operated 5,151 hotels with 504,414 apartment in operation. Huazhu’s brands accommodate Hi Inn, Elan Hotel, HanTing Hotel, HanTing Premium Hotel, JI Hotel, Starway Hotel, Orange Auberge Select, Crystal Orange Hotel, Manxin Hotels & Resorts, Joya Hotel, and Blossom Hill Hotels & Resorts. Huazhu additionally has the rights as adept franchisee for Mercure, Ibis and Ibis Styles, and co-development rights for Grand Mercure and Novotel, in the pan-China region.
Huazhu’s business mainly includes leased, manachised and franchised models. Beneath the charter model, Huazhu anon operates hotels about amid on busy properties. Beneath the manachise model, Huazhu manages manachised hotels through the on-site auberge managers Huazhu appoints and collects fees from franchisees. Beneath the authorization model, Huazhu provides training, anxiety and abutment casework to the franchised hotels, and collects fees from franchisees but does not accredit on-site auberge managers. In addition, Huazhu has a bound cardinal of hotels in endemic or partially endemic properties. Huazhu applies a constant accepted and belvedere beyond all of its hotels. As of September 30, 2019, Huazhu operates 83 percent of its auberge apartment beneath manachise and authorization models.
For added information, amuse appointment the Company’s website: http://ir.huazhu.com.
Safe Harbor Account Beneath the Private Securities Litigation Reform Act of 1995: The advice in this absolution contains advanced statements which absorb risks and uncertainties, including statements apropos the Company’s basic needs, business action and expectations. Any statements independent herein that are not statements of absolute actuality may be accounted to be advanced statements, which may be articular by analogue such as “may,” “should,” “will,” “expect,” “plan,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “forecast,” “project,” or “continue,” the abrogating of such acceding or added commensurable terminology. Readers should not await on advanced statements as predictions of approaching contest or results. Any or all of the Company’s advanced statements may about-face out to be wrong. They can be afflicted by inaccurate assumptions, risks and uncertainties and added factors which could account absolute contest or after-effects to be materially altered from those bidding or adumbrated in the advanced statements. In evaluating these statements, readers should accede assorted factors, including the advancing advance strategies of the Company, the approaching after-effects of operations and banking action of the Company, the bread-and-butter altitude of China, the authoritative ambiance in China, the Company’s adeptness to allure barter and advantage its brands, trends and antagonism in the abode industry, the accepted advance of the abode bazaar in China and added factors and risks categorical in the Company’s filings with the Securities and Exchange Commission, including its anniversary address on Form 20-F and added filings. These factors may account the Company’s absolute after-effects to alter materially from any advanced statement. In addition, new factors appear from time to time and it is not accessible for the Company to adumbrate all factors that may account absolute after-effects to alter materially from those independent in any advanced statements. Any projections in this absolution are based on bound advice currently accessible to the Company, which is accountable to change. This absolution additionally contains statements or projections that are based aloft advice accessible to the public, as able-bodied as added advice from sources which the Company believes to be reliable, but it is not affirmed by the Company to be accurate, nor does the Company acceptation it to be complete. The Company disclaims any obligation to about amend any advanced statements to reflect contest or affairs afterwards the date of this document, except as appropriate by applicative law.
Contact Advice Investor Relations Tel: 86 (21) 6195 9561 Email: [email protected] http://ir.huazhu.com
(C) Copyright 2020 GlobeNewswire, Inc. All rights reserved.
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