“ The capital recycling strategy began a few months ago. This will enact the early termination contract for the hotel operator, as well as early termination for the leasing of the non-lodging spaces at no cost for the Company. The buyer intends to keep the current hotel brand, subject to the approval of the international hotel chain. The Company continues to market the sale of some of its other properties in an orderly and efficient manner, Therefore, we expect to announce additional hotel sales transactions in the future. This property was originally acquired as part of a hotel portfolio that has performed successfully and has altogether reached a cap rate for the trailing twelve months exceeding 9.5%.įibra Inn will invest the transaction proceeds in other projects that offer more attractive profitability, including the purchase and cancellation of certificates. 85.0 million, and the property has a significantly lower cap rate than the Company’s implied cap rate. As such, it has signed a binding agreement for the sale of the Microtel Inn & Suites by Wyndham Culiacan hotel. On July 13th, EST, Jianzhi Education submitted its prospectus to the Securities and Exchange Commission (SEC), eyeing to raise $50 million.MONTERREY, Mexico, J(GLOBE NEWSWIRE) - Deutsche Bank Mexico, S.A., Banking institution, Trust Division F/1616 or Fibra Inn (BMV:FINN13) (ADR/OTC:DFBRY) (“Fibra Inn” or “the Company”), an internally managed Mexican real estate investment trust specializing in the hotel industry serving the traveler with global brands, announced that it has begun the process for the sale of non-strategic assets, as part of its capital recycling program. Jianzhi’s application came after Didi was censored due to its handling of data security. SEE ALSO: Faced with Possible Effects of Didi App Removal, Chinese Companies Keep, Ximalaya and LinkDoc Cancel IPO Plans in US Previously, Keep, Ximalaya and LinkDoc all canceled their IPO plans in the United States amid concern over possible effects of the Didi app removal. The education firm plans to use the fresh funds to produce new educational content and purchase some products from third parties. Sales, revenue, customer service, potential acquisitions and strategic investments, and daily operation also take a share of the fund. Jianzhi Education has failed to go public in Hong Kong four times, but the reasons for those failures were not disclosed.Įstablished in 2011, Jianzhi Education was formerly known as Sentu Education. It was listed on the New Third Board in May 2016, and then delisted in November 2017. Its revenue in the first quarter of 2021 was 98.374 million yuan, up 80% year-on-year. The Beijing-based firm’s official website shows that it relies on cloud computing, big data, artificial intelligence and other technologies to provide digital education content and intelligent education solutions for domestic universities and other customers.Īs of March 31, 2021, the company’s educational content library contains more than 25,000 online courses with a total duration of about 4,500 hours, of which more than 70% are self-developed, covering entrepreneurship guidance, professional skills training, and professional certification exams. The prospectus also mentions that Jianzhi Education currently provides online services for about 2,000 institutions of higher learning in China.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |