Jin Jiang completes acquisition of shares in Radisson Hospitality

Jin Jiang completes acquisition of shares in Radisson Hospitality

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Radisson Hospitality AB (the “Company“) notes today’s announcement by a consortium led by Jin Jiang International Holdings Co., Ltd., including SINO-CEE Fund (the “Consortium“), that the Consortium, through Aplite Holdings AB, has completed the previously announced acquisition of shares in the Company. Following completion, the Consortium now holds 50.21 percent of the shares and votes in the Company.

Through the acquisition, the Consortium has reached a shareholding in the Company that exceeds the mandatory bid threshold under the Swedish Takeover Act.

The Board of Directors of the Company has within itself appointed an independent committee, consisting of all board members save for the board members that are not independent in relation to HNA Tourism Group Co., Ltd., to handle matters in connection with the above transaction and a possible mandatory public offer. The independent committee hence consists of board members Andreas Schmid (chair), Lo Kin Ching, Wolfgang M. Neumann, Thomas Staehelin, Göran Larsson and Ulf Petersson.

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