{"id":33806,"date":"2006-08-25T09:48:33","date_gmt":"2006-08-25T01:48:33","guid":{"rendered":"http:\/\/www.chinahospitalitynews.com\/2006\/08\/25\/beijing-tourism-group-approved-to-transfer-shares\/"},"modified":"2006-08-25T09:48:33","modified_gmt":"2006-08-25T01:48:33","slug":"beijing-tourism-group-approved-to-transfer-shares","status":"publish","type":"post","link":"https:\/\/www.chinahospitalitynews.com\/cn\/2006\/08\/25\/33806\/","title":{"rendered":"Beijing Tourism Group Approved To Transfer Shares"},"content":{"rendered":"<p>Beijing Tourism Group announced that it has been approved by the State-owned Assets Supervision and Administration Commission of the State Council to transfer all of its 160 million state-owned shares to Hong Kong Cavendish Hotels Holdings Limited.<!--more--><\/p>\n<p>According to the agreement, Cavendish will purchase those 160 million shares for a total of RMB657.6 million. After the transfer, Cavendish will hold 69.14% of the shares of BTG and become a direct shareholder the latter.<\/p>\n<p>Since Cavendish's shareholders are BTG (51%) and Hutchison Whampoa Property China (49%). This transaction means that Hutchison Whampoa will become the second largest shareholder of BTG.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Beijing Tourism Group announced that it has been approved by the State-owned Assets Supervision and Administration Commission of the State Council to transfer all of its 160 million state-owned shares to Hong Kong Cavendish Hotels Holdings Limited.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12723],"tags":[],"class_list":["post-33806","post","type-post","status-publish","format-standard","hentry","category-english"],"_links":{"self":[{"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/posts\/33806","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/comments?post=33806"}],"version-history":[{"count":0,"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/posts\/33806\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/media?parent=33806"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/categories?post=33806"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/tags?post=33806"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}