Huatian Hotel is expected to exceed 100 million in the first quarter of 2020

Huatian Hotel is expected to exceed 100 million in the first quarter of 2020
On April 14, Huatian Hotel Group Co., Ltd. (hereinafter referred to as “Huatian Hotel”) released the first quarter 2020 performance forecast.In advance, Huatian Hotel is expected to be 1.06 billion-1.3.7 billion, compared with the expected 7596 million in the same period last year.The Huatian Hotel stated that the impact from the new coronary pneumonia epidemic was the company’s primary transformation in this report.In March, Huatian Hotel’s “Yongzhou Huatian City Hotel Auxiliary Facilities Construction Project” was affected by factors such as the epidemic situation and the market environment, which led to the progress of the project and finally extended the completion date to October this year.At the same time, Huatian Hotel also decided to apply for a combined credit line of no more than US $ 4 billion from a cooperative financial institution.To support the development of Huatian Hotel, help it optimize its capital structure and reduce capital costs, Hunan Xingxiang Investment Holding Group Co., Ltd. (hereinafter referred to as “Xingxiang Group”) also announced today that it plans to provide financial assistance to Huatian Hotel in the amount of 4100 million US dollars, with a term of one year, mainly used to repay loans and supplement working capital.In March this year, 90% of Huatian Hotel ‘s controlling shareholder was transferred to Xingxiang Group for free.Sauna, Ye Wang Zheng Yijia picture announcement screenshot editor Zheng Yijia proofreading Li Ming