HNA invests $500m in PE-backed China tour operator Tuniu
China’s HNA Tourism Group has agreed to invest $500 million for a 24.1% stake in Tuniu, a US-listed Chinese online package tour provider that has several PE and VC investors.
According to a statement, the tourism unit of HNA Group purchase newly-issued stock from Tuniu at $16.50 per American Depositary Share (ADS). This represents about a 5% premium to the closing price on...
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