February 10, 2017 / 11:49 AM / 8 months ago

BRIEF-China Lodging Group enters deal with majority shareholder

Feb 10 (Reuters) - China Lodging Group Ltd

* China Lodging Group -co’s unit entered into a deposit and exclusivity agreement with the majority shareholder of hotel chain on feb 10, 2017- sec filing

* China Lodging Group -agreement provides co, majority vendor will enter into good faith negotiations for purchase of all of equity interests of hotel chain

* China Lodging Group -co required to pay majority vendor initial deposit in amount of RMB350,000,000 from date of receipt of initial deposit up to on feb 24 Source text for Eikon: Further company coverage:

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