Huazhu Group Limited Announces Cash Dividend
03 March 2022 - 10:00PM
Huazhu Group Limited (NASDAQ: HTHT and HKEX: 1179) (“Huazhu” or the
“Company”), a world-leading hotel group, today announced that its
board of directors has declared a cash dividend of US$0.021 per
ordinary share, or US$0.21 per American Depositary Share (“ADS”).
Holders of the Company’s ordinary shares or ADS as of the close of
business on March 24, 2022 will be entitled to receive the cash
dividend. Dividends to holders of the Company’s ordinary shares are
expected to be distributed on or about April 14, 2022. Citibank,
N.A., depositary bank for the Company's ADS program (the "ADS
Depositary"), expects to pay out dividends to ADS holders on or
about April 21, 2022. 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 special
dividend is expected to be approximately US$68 million.
As of September 30, 2021, the Company had cash and cash
equivalents of RMB5.4 billion (US$836 million) and restricted cash
of RMB26 million (US$4 million).
About Huazhu Group Limited
Originated in China, Huazhu Group Limited is a world-leading
hotel group. As of December 31, 2021, Huazhu operated 7,830 hotels
with 753,216 rooms in operation in 17 countries. Huazhu’s brands
include Hi Inn, Elan Hotel, HanTing Hotel, JI Hotel, Starway Hotel,
Orange Hotel, Crystal Orange Hotel, Manxin Hotel, Madison Hotel,
Joya Hotel, Blossom House, Ni Hao Hotel and CitiGO Hotel. Upon the
completion of the acquisition of DH on January 2, 2020, Huazhu
added five brands to its portfolio, including Steigenberger Hotels
& Resorts, MAXX by Steigenberger, Jaz in the City,
IntercityHotel and Zleep Hotels. In addition, Huazhu also has the
rights as master franchisee for Mercure, Ibis and Ibis Styles, and
co-development rights for Grand Mercure and Novotel, in the
pan-China region.
Huazhu’s business includes leased and owned, manachised and
franchised models. Under the lease and ownership model, Huazhu
directly operates hotels typically located on leased or owned
properties. Under the manachise model, Huazhu manages manachised
hotels through the on-site hotel managers that Huazhu appoints, and
Huazhu collects fees from franchisees. Under the franchise model,
Huazhu provides training, reservations and support services to the
franchised hotels, and collects fees from franchisees but does not
appoint on-site hotel managers. Huazhu applies a consistent
standard and platform across all of its hotels. As of December 31,
2021, Huazhu operates 14 percent of its hotel rooms under lease and
ownership model, and 86 percent under manachise and franchise
models.
For more information, please visit Huazhu’s website:
http://ir.huazhu.com.
Safe Harbor Statement Under the U.S. Private Securities
Litigation Reform Act of 1995
The information in this release contains forward-looking
statements which involve risks and uncertainties. Such factors and
risks include our anticipated growth strategies; our future results
of operations and financial condition; economic conditions; the
regulatory environment; our ability to attract and retain customers
and leverage our brands; trends and competition in the lodging
industry; the expected growth of demand for lodging; and other
factors and risks detailed in our filings with the U.S. Securities
and Exchange Commission. 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.
Huazhu undertakes no obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise, unless required by applicable law.
Contact Information Huazhu Investor Relations Tel: 86 (21) 6195
9561 Email: ir@huazhu.com http://ir.huazhu.com
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