Carrianna Group Expands Hotel Management Holdings

Carrianna Group Holdings Company Limited (HK:0126) has released an update.

Carrianna Group Holdings Company Limited has announced the purchase of a 10% equity stake in Yiyang Carrianna International Hotel Management Company Limited for RMB15 million. This transaction is considered a discloseable and connected transaction, as it involves a state-owned enterprise with substantial holdings in the Disposal Company and exceeds the 5% threshold of the Listing Rules. The Board has approved the sale, deeming it fair and in the company’s and shareholders’ interests, thus exempting it from further approval requirements.

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