Shanghai Jin Jiang International Hotels Co., Ltd. (SHSE:900934) agreed to acquire a 10% stake in Vienna Hotel Group Limited from Shenzhen Vienna Star Hotel Management Co., Ltd. and Huang Deman for approximately CNY 220 million on June 13, 2022. Shanghai Jin Jiang International will acquire 7.05% from Shenzhen Vienna Star Hotel Management Co., Ltd. and 2.95% from Huang Deman. As of June 30, 2021 Vienna Hotel Group Limited reported Total Assets of CNY 4341 million, Total Liabilities of CNY 3633 million and Total owner's equity of CNY 708 million. After the transaction the stake of Shanghai Jin Jiang International Hotels in Vienna Hotel Group will increase from 80% to 90%.