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China Post Puts Affiliated Hotels On Public Trading
March 29, 2007 |
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Conforming to the State Council's overall deployment for postal system reform, the first batch of 30 hotels of China Post has been put on public trading on the Shanghai United Assets and Equity Exchange.
China Post has a lot of assets such as hotels, guesthouses and rest houses. The first batch of 30 hotels for public transaction comes from 17 provinces in China. As they have sound brands and advantageous locations, they have been favored by a number of hotel investors both from home and abroad.
In order to make sure that the hotel asset is transferred in a regulated, orderly and transparent manner, China Post has brought these hotels to the market for public transaction.
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