Welcome to our dedicated page for H World Group news (Ticker: HTHT), a resource for investors and traders seeking the latest updates and insights on H World Group stock.
H World Group Limited reports recurring developments from its hotel network, asset-light operating model and dual listing as Nasdaq-traded ADSs and Hong Kong-listed shares. Company news centers on quarterly and annual financial results, hotel openings and closures, pipeline updates, hotel turnover, revenue, adjusted EBITDA, occupancy, ADR and RevPAR across leased and owned properties and manachised and franchised hotels.
Updates also cover brand development within the group’s portfolio, including Hanting, JI Hotel, Crystal Orange Hotel, Steigenberger Hotels & Resorts, Steigenberger Icons and MAXX. Recurring themes include the Legacy-Huazhu and Legacy-DH segments, franchise-fee economics, loyalty and digital capabilities, dividend actions and annual meeting materials for the foreign issuer.
Huazhu Group Limited (Nasdaq: HTHT) announced the pricing of a convertible senior notes offering totaling US$450 million, due in 2026. An additional US$50 million option is available to initial purchasers. Proceeds will be utilized to repurchase 2022 notes and partially repay loans. The notes bear a 3.00% annual interest, maturing on May 1, 2026, and are convertible into American Depositary Shares (ADSs) at an initial rate of 23.9710 ADSs per US$1,000. Closing is anticipated around May 12, 2020, pending customary conditions.
Huazhu Group Limited (Nasdaq: HTHT) announced a convertible senior notes offering of up to US$450 million, with an option for an additional US$50 million. The proceeds will be used to repurchase existing convertible senior notes due in 2022 and reduce loan principal and interest. The notes will be unsecured and convertible into American Depositary Shares, maturing on May 1, 2026. This offering is aimed at qualified institutional buyers in the US and non-U.S. persons, adhering to regulatory requirements.