Home Inns And Ctrip Agree USD50 Million Funding

Home Inns & Hotels Management Inc. has entered into a definitive purchase agreement to issue USD50 million in equity, or 7,514,503 ordinary shares, to Ctrip.com International Ltd. through a private placement.

Ctrip.com Raises Holdings In Home Inns

Ctrip.com International, an online travel service provider in China, has raised its holdings in Home Inns & Hotels to 8.72% from the previous 7.55%.