Jingdong 2 Billion 700 Million Acquired 100% Stake In Beijing Cui Gong Hotel As Its Shareholder.

Beijing Jingdong Shang Ke Information Technology Co., Ltd. (hereinafter referred to as "Jingdong Shang Ke") has been awarded 2 billion 700 million of the 100% stake in Beijing cuigu Hotel Co., Ltd., Jingdong has become the shareholder of Beijing Cuigu hotel.

The buyer of Jingdong, Shang Ke, is a wholly owned subsidiary of Beijing Jingdong Century Trading Co. Ltd., the legal representative is Zhang Pang.

At present, the legal representative of Beijing Cui Gong Hotel Limited has also been changed to Zhang.

For the reasons for the acquisition, Jingdong said that Jingdong Group acquired the Cui Gong Hotel Based on the long-term layout and development. In the future, the project will be pformed into R & D and business office as the carrier space of Jingdong group in Haidian District's industrial development.

Haidian District is rich in intellectual resources and rich in innovative resources. Jingdong hopes to take advantage of Haidian's regional advantages and give full play to the leading role of Jingdong group's innovation so as to help Haidian build a technological innovation center with global influence.

According to relevant information, Beijing Cui Gong Hotel was established in 1987 with a registered capital of 480 million yuan. The Cui Gong Hotel is affiliated with Beijing capital venture group. It was once a five star Traders Hotel with rooms, restaurants, entertainment, shopping and office buildings.

In 2013, the Cui Gong Hotel was cancelled by the National Tourism Administration as the five star hotel qualification.

At the end of November 2018, the announcement of the Beijing property exchange indicated that the Beijing Cui Gong Hotel Limited had pferred 100% shares and related claims at the price of 2 billion 683 million yuan.

According to the report released by Cui Gong Hotel, as of September 30, 2018, the Jade Palace Hotel achieved a profit of 18 million 17 thousand and 800 yuan and a net profit loss of 47 million 104 thousand and 700 yuan.

The total assets amounted to 731 million yuan, total liabilities amounted to 784 million yuan, and owners' equity loss was 53 million 618 thousand and 100 yuan.

In 2016, the total revenue of Cui Gong Hotel was 21 million 246 thousand and 700 yuan, and net profit was 39 million 182 thousand and 400 yuan.