Wanda Hotel Development Company to Dispose Of Wanda Hotel Management to eLong

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Wanda Hotel Development Company (HKG:0169) entered into a sale and purchase agreement with eLong to dispose of its stake in wholly owned subsidiary, Wanda Hotel Management, for 2.5 billion yuan, according to a Thursday filing with the Hong Kong Exchange.

Elong is an investment holding company owned by Tongcheng Travel (HKG:0780), which is a leading travel platform in China.

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