CTRP reported after-hours, and was up 13%
Related, QUNR was up 9% after-hours
finance.yahoo.com
This includes:
Recent Development
Share exchange transaction with Baidu
In October 2015, Ctrip completed a share exchange transaction with Baidu, Inc. ("Baidu"), pursuant to which Baidu exchanged 178,702,519 Class A ordinary shares and 11,450,000 Class B ordinary shares of Qunar Cayman Islands Limited ("Qunar") beneficially owned by Baidu prior to the consummation of the transaction for 11,488,381 newly-issued ordinary shares of Ctrip. As a result of the transaction, Baidu owns ordinary shares of Ctrip representing approximately 25% of Ctrip's aggregate voting interest, and Ctrip will own ordinary shares of Qunar representing approximately 45% of Qunar's aggregate voting interest.
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BIDU closed today 204.73 +7.90 (+4.01%)
up another 1.08 after-hours to 205.81 |
