Why is Xiangshan Damuwan New Century Hotel closed?

The listing of Kaiyuan Hotel has not been sought after by investors, nor has it brought the expected scale development for Kaiyuan Hotel. According to many insiders, Kaiyuan Hotel seems to be delisted for two reasons:

1, the listing of Kaiyuan Hotel has not been sought after by investors. In the past two years, the stock price has been tepid. According to the data, the average share price in recent 180 trading days is 14.2 1 HK$. In this context, the inviter proposed H shares of HK$ 18. 15 per share, which obviously provided more attractive opportunities for H-share shareholders of Kaiyuan Hotel to realize their premium.

2. Listing did not bring the expected scale development to Kaiyuan Hotel. Chen once said that apart from continuing to stabilize and expand its leading position in the high-end hotel market, Kaiyuan Hotel will strive to enter the first echelon of the mid-end hotel market as soon as possible. Obviously, the expansion speed and scale of Kaiyuan Hotel in the past two years will take some time. Nowadays, in the critical period when the market is gradually warming up, it seems that Zheng Nanyan has pinned his hopes on whether Kaiyuan Hotel can "fight its way out" on the crowded high-end hotel track.