H World Group Limited Announces Pricing of Public Offering of American Depositary Shares
January 10 2023 - 9:27AM
H World Group Limited (NASDAQ: HTHT and HKEX: 1179) (“H World” or
the “Company”), a key player in the global hotel industry, today
announced that the pricing of its underwritten public offering (the
“Offering”) of 6,190,000 American depositary shares (“ADSs”), each
representing ten ordinary shares of the Company, at a price of
US$42.0 per ADS. In addition, the underwriters for this Offering
have a 30-day option to purchase up to an aggregate of 928,500
additional ADSs from the Company.
The Company plans to use the net proceeds from the Offering (i)
to fund its growth strategies amid post-COVID reopening, including
enhancing the competitiveness of its hotel portfolio and developing
its regional-based operating paradigm; (ii) to invest in
initiatives that support its long term success, including its
technology infrastructure, supply chain ecosystem, distribution
system that connects both individual guests and corporate clients,
and environment, social and governance (ESG) efforts; and (iii) for
working capital and general corporate purposes.
Goldman Sachs (Asia) L.L.C. and UBS Securities LLC are acting as
joint underwriters for the Offering.
The Offering is being made only by means of a prospectus
supplement and an accompanying prospectus included in the Company’s
Form F-3ASR filed with the U.S. Securities and Exchange Commission
(the “SEC”) and became automatically effective on January 10, 2023.
The registration statement on Form F-3ASR and the prospectus
supplement are available at the SEC’s website at:
http://www.sec.gov. Copies of the prospectus supplement and the
accompanying prospectus may be obtained from: (i) Goldman Sachs
& Co. LLC, Attention: Prospectus Department, 200 West Street,
New York, NY 10282, telephone: 1-866-471-2526, facsimile:
212-902-9316 or by emailing Prospectus-ny@ny.email.gs.com; and (ii)
UBS Securities LLC, Attention: Prospectus Department, 1285 Avenue
of the Americas, New York, NY 10019, U.S.A., by calling
1-888-827-7275 or by email at ol-prospectus-request@ubs.com.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy ADSs or any other securities, nor
shall there be any sale of ADSs or any other securities in any
state or jurisdiction in which such an offer, solicitation or sale
would be unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction.
Safe Harbor Statement Under the U.S. Private Securities
Litigation Reform Act of 1995: The information in this release
contains forward-looking statements which involve risks and
uncertainties. Such factors and risks include our anticipated
growth strategies; our future results of operations and financial
condition; economic conditions; the regulatory environment; our
ability to attract and retain customers and leverage our brands;
trends and competition in the lodging industry; the expected growth
of demand for lodging; and other factors and risks detailed in our
filings with the U.S. Securities and Exchange Commission. Any
statements contained herein that are not statements of historical
fact may be deemed to be forward-looking statements, which may be
identified by terminology such as “may,” “should,” “will,”
“expect,” “plan,” “intend,” “anticipate,” “believe,” “estimate,”
“predict,” “potential,” “forecast,” “project” or “continue,” the
negative of such terms or other comparable terminology. Readers
should not rely on forward-looking statements as predictions of
future events or results.
H World undertakes no obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise, unless required by applicable law.
Contact InformationInvestor RelationsTel: 86 (21) 6195
9561Email: ir@hworld.comhttp://ir.hworld.com
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