Huazhu Group Limited Announces Cash Dividend
December 13 2018 - 3:05AM
Huazhu Group Limited (Nasdaq: HTHT) (the "Company"), a leading and
fast-growing multi-brand hotel group in China, today announced that
its board of directors has declared a cash dividend of US$0.34 per
ordinary share, or US$0.34 per American Depositary Share ("ADS”).
Holders of the Company's ordinary shares or ADS at the close of
trading on January 2, 2019 (U.S. Eastern Time) (the "Record Date")
will be entitled to receive the cash dividend. Citibank, N.A.,
depositary bank for the Company's ADS program (the "ADS
Depositary"), expects to pay out dividends to ADS holders on or
around January 15, 2019. Dividends to be paid to the Company’s ADS
holders through the ADS Depositary will be subject to the terms of
the deposit agreement by and among the Company and the ADS
Depositary, and the holders and beneficial owners of ADS issued
thereunder, including the fees and expenses payable thereunder.
The total amount of cash to be distributed for the dividend is
expected to be approximately US$100.1 million.
As of September 30, 2018, the Company had approximately US$662.1
million in cash, cash equivalents and restricted cash.
About Huazhu Group Limited Huazhu Group Limited
is a leading hotel operator and franchisor in China. As of
September 30, 2018, the Company had 4,055 hotels or 409,516 rooms
in operation. With a primary focus on economy and midscale hotel
segments, Huazhu’s brands include Hi Inn, Elan Hotel, HanTing
Hotel, HanTing Premium Hotel, JI Hotel, Starway Hotel, Manxin
Hotel, Joya Hotel, Crystal Orange Hotel, Orange Hotel Select,
Orange Hotel and Blossom Hill. The Company also has the rights as
master franchisee for Mercure, Ibis and Ibis Styles, and
co-development rights for Grand Mercure and Novotel, in Pan-China
region. The Company's business includes leased and owned,
manachised and franchised models. Under the lease and ownership
model, the Company directly operates hotels typically located on
leased or owned properties. Under the manachise model, the Company
manages manachised hotels through the on-site hotel managers it
appoints and collects fees from franchisees. Under the franchise
model, the Company provides training, reservation and support
services to the franchised hotels and collects fees from
franchisees but does not appoint on-site hotel managers. The
Company applies a consistent standard and platform across all of
its hotels. As of September 30, 2018, Huazhu Group operates 21
percent of its hotel rooms under lease and ownership model, 79
percent under manachise and franchise models.
For more information, please visit the Company’s website:
http://ir.huazhu.com.
Safe Harbor Statement Under the Private Securities Litigation
Reform Act of 1995: The information in this release contains
forward-looking statements which involve risks and uncertainties,
including statements regarding the Company’s capital needs,
business strategy and expectations. Any statements contained herein
that are not statements of historical fact may be deemed to be
forward-looking statements, which may be identified by terminology
such as “may,” “should,” “will,” “expect,” “plan,” “intend,”
“anticipate,” “believe,” “estimate,” “predict,” “potential,”
“forecast,” “project,” or “continue,” the negative of such terms or
other comparable terminology. Readers should not rely on
forward-looking statements as predictions of future events or
results. Any or all of the Company’s forward-looking statements may
turn out to be wrong. They can be affected by inaccurate
assumptions, risks and uncertainties and other factors which could
cause actual events or results to be materially different from
those expressed or implied in the forward-looking statements. In
evaluating these statements, readers should consider various
factors, including the anticipated growth strategies of the
Company, the future results of operations and financial condition
of the Company, the economic conditions of China, the regulatory
environment in China, the Company’s ability to attract customers
and leverage its brands, trends and competition in the lodging
industry, the expected growth of the lodging market in China and
other factors and risks outlined in the Company’s filings with the
Securities and Exchange Commission, including its annual report on
Form 20-F and other filings. These factors may cause the Company’s
actual results to differ materially from any forward-looking
statement. In addition, new factors emerge from time to time and it
is not possible for the Company to predict all factors that may
cause actual results to differ materially from those contained in
any forward-looking statements. Any projections in this release are
based on limited information currently available to the Company,
which is subject to change. This release also contains statements
or projections that are based upon information available to the
public, as well as other information from sources which the Company
believes to be reliable, but it is not guaranteed by the Company to
be accurate, nor does the Company purport it to be complete. The
Company disclaims any obligation to publicly update any
forward-looking statements to reflect events or circumstances after
the date of this document, except as required by applicable
law.
Contact Information Investor Relations Tel: +86 (21) 6195 9561
Email: ir@huazhu.com http://ir.huazhu.com
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