Tripcom Group Ltd Stock Price, News & Analysis

Trip.com Group (Nasdaq: TCOM) has announced the completion of its repurchase right offer for its 1.50% Exchangeable Senior Notes due 2027. The repurchase right offer expired on June 27, 2025, at 5:00 p.m., New York City time.

According to The Bank of New York Mellon, the paying agent, no Exchangeable Notes were validly surrendered during the offer period. As a result, the US$500,000,000 aggregate principal amount of the Exchangeable Notes will remain outstanding and continue to be subject to the existing terms and indenture agreements.

Trip.com Group (TCOM) announced a strategic move to sell a portion of its Class B ordinary shares in MakeMyTrip back to the company for cancellation. This decision aligns with Trip.com's strategy to optimize its investment portfolio and enhance shareholder value. Despite the partial sale, Trip.com will maintain its position as MakeMyTrip's largest minority shareholder. To finance this share repurchase, MakeMyTrip is launching a convertible senior notes offering under Rule 144A and a concurrent public offering of ordinary shares. Trip.com has agreed to a 180-day lock-up period with standard exceptions as part of the transaction terms.

Trip.com Group (Nasdaq: TCOM) has announced a repurchase right notification for holders of its 1.50% Exchangeable Senior Notes due 2027. Noteholders can require the company to repurchase their notes for cash on July 1, 2025, at 100% of the principal amount plus accrued interest. The repurchase right can be exercised from May 28, 2025, to June 27, 2025. Currently, there are US$500 million in outstanding notes, which would be the total cash purchase price if all notes are surrendered. The repurchase price will include any unpaid interest up to June 30, 2025. Holders must follow specific transmittal procedures through the Depository Trust Company and The Bank of New York Mellon to exercise this right.

Trip.com Group (NASDAQ: TCOM; HKEX: 9961) has announced its upcoming Annual General Meeting (AGM) scheduled for June 30, 2025, at 9:30 a.m. (Shanghai time). The meeting will be held at Building 16, 968 Jinzhong Road, Shanghai. Shareholders of record as of May 30, 2025 are eligible to vote at the meeting. ADS holders must exercise their voting rights through The Bank of New York Mellon or their respective financial intermediaries. The company has made its annual report for FY2024 available on its investor relations website, SEC, and HKEX platforms.

Trip.com Group (TCOM) reported strong Q1 2025 financial results with net revenue of RMB13.8 billion (US$1.9 billion), up 16% year-over-year. The company's international business showed robust growth, with overall international OTA platform reservations increasing over 60% YoY and inbound travel bookings surging 100% YoY. Outbound bookings exceeded 120% of pre-COVID levels. Key segment revenues include: accommodation (RMB5.5B, +23% YoY), transportation (RMB5.4B, +8% YoY), packaged tours (RMB947M, +7% YoY), and corporate travel (RMB573M, +12% YoY). Net income remained stable at RMB4.3 billion (US$596 million). The company continued its shareholder value commitment through share repurchases, buying back 1.6 million ADSs for US$84 million.

Trip.com Group Limited (NASDAQ: TCOM; HKEX: 9961), a leading one-stop travel service provider, has scheduled its Q1 2025 financial results announcement for May 19, 2025, after the U.S. market closes. The company will host a conference call at 8:00 PM U.S. Eastern Time on May 19 (8:00 AM Hong Kong Time on May 20) to discuss the results.

The conference call will be available via webcast at investors.trip.com, with a twelve-month archive period. Participants must pre-register for the call through the provided registration link to receive dial-in details and a unique access PIN.

Trip.com Group (Nasdaq: TCOM; HKEX: 9961), a leading one-stop travel service provider, has announced the filing of its annual report on Form 20-F with the Securities and Exchange Commission on April 11, 2025. The report contains audited financial statements for the three-year period ending December 31, 2024.

The annual report can be accessed through the company's investor relations website at https://investors.trip.com. Shareholders can request a free copy of the annual report following the instructions provided on the investor relations website.

Baidu (NASDAQ: BIDU) has announced the pricing of US$2 billion in zero coupon exchangeable bonds due 2032. The bonds will reference Trip.com Group shares listed on Hong Kong Stock Exchange (HKEX: 9961).

Key features of the bonds include:

• Initial exchange ratio: 1,107.0457 Trip.com Shares per US$100,000 principal amount
• Initial exchange price: approximately HK$702.13 per Trip.com Share (43% premium)
• Maturity date: March 12, 2032
• No regular interest bearing
• Holders can require repurchase on March 12, 2029 at 100% principal amount

The bonds will be offered offshore to non-U.S. persons under Regulation S, with closing expected around March 12, 2025. Proceeds will be used for existing debt repayment, interest payments, and general corporate purposes.

Baidu (NASDAQ: BIDU) has announced plans to offer up to US$2 billion in exchangeable bonds due 2032 in offshore transactions outside the United States. The bonds will reference Trip.com Group ordinary shares listed on the Hong Kong Stock Exchange.

Key features of the bonds include:

• No exchange permitted before first anniversary of issue date
• Between first anniversary and 6 months prior to maturity, exchange into cash allowed under certain conditions
• After that period, bonds can be exchanged into cash anytime until maturity
• Baidu may opt to deliver Trip.com Shares or combination of cash and shares

The proceeds will be used for repaying existing debt, interest payments, and general corporate purposes. The company expects some bond purchasers to implement convertible arbitrage strategies through short positions in Trip.com Shares/ADSs.