Home / Business / Leisure, Fun Tourism Tools: Save | Print | E-mail | Most Read | Comment
Online Travel Service Company to List in London
Adjust font size:  ZoomIn ZoomOut

Et-China.com International Holdings, an online travel service company based in South China's Guangdong Province, will float shares on AIM, London's second board, on July 31 and aims to raise 42 million pounds, sources said.

The flotation will make Et-China the third Chinese travel operator publicly traded overseas, following Ctrip.com International Ltd and eLong Inc, which are already listed on NASDAQ.

Et-China previously aimed to raise 12.5 million pounds. It has now set the price at 1.27 pounds per share and upgraded the expected proceeds to 42 million pounds.

Ctrip launched an initial public offering in December 2003 with a price of $18 per share. It closed at $84.99 on Monday. eLong's share dropped to $10.27 on Monday compared with an IPO price of $13.5 in October 2004.

The London flotation will enable Et-China to better compete with Ctrip and eLong to stake out a bigger share in a booming online travel service market.

In 2005, 1.6 million people in China booked travel services online such as airline tickets, hotel rooms and travel products, according to Shanghai-based iResearch Consulting Group.

Last year the figure climbed to 2.75 million and iRsearch projected it to hit 5.7 million and 9 million in 2008 and 2010.

Et-China claims itself as the third-largest online travel service operator in the country and No 1 in South China, its home turf.

Et-China focuses more on corporate users like Shell China and Kodak China and hopes to become a full service provider after an overseas flotation.

By 2006 it sold nearly 800,000 airline tickets, 660,000 hotel rooms and packaged tour services to more than 710,000 people.

Investors in Et-China include Gandhara and Cendant in the United States and Mintpine Pty Ltd in Australia, China Southern Airlines and Hong Kong's I-cable.

Cedant has been acquired by Blackstone and renamed as Travelport. Cedant invested in online travel service operator Aoyou.com, partnering with China Youth Travel Service but in May pulled out partly because Aoyou has been making losses.

Et-China recorded a sales revenue of 3.5 billion yuan last year compared with around 2.5 billion yuan the year before, according to company documents. It has been operating a joint venture with China Southern Airlines, which sold the first e-ticket in China.

London-based investment bank and stockbroker Seymour Pierce has been nominated as the adviser and broker for Et-China's London flotation.

About 48 mainland companies are listed in London's AIM.

(China Daily July 26 2007)?

Tools: Save | Print | E-mail | Most Read
Comment
Pet Name
Anonymous
China Archives
Related >>
Most Viewed >>

Nov. 1-2 Tianjin World Shipping (China) Summit
Nov. 7-9 Guangzhou Recycling Metals International Forum
Nov. 27-28 Beijing China-EU Summit
Dec. 12-13 Beijing China-US Strategic Economic Dialogue

- Output of Major Industrial Products
- Investment by Various Sectors
- Foreign Direct Investment by Country or Region
- National Price Index
- Value of Major Commodity Import
- Money Supply
- Exchange Rate and Foreign Exchange Reserve
- What does the China-Pakistan Free Trade Agreement cover?
- How to Set up a Foreign Capital Enterprise in China?
- How Does the VAT Works in China?
- How Much RMB or Foreign Currency Can Be Physically Carried Out of or Into China?
- What Is the Electrical Fitting in China?
主站蜘蛛池模板: 国产成人综合色视频精品| 欧美日韩在线电影| 国产做受视频激情播放| www亚洲免费| 欧美丰满熟妇BBB久久久| 啊轻点灬大巴太粗太长了视频| 97亚洲熟妇自偷自拍另类图片| 日韩在线国产精品| 俄罗斯精品bbw| 国产在线观看麻豆91精品免费| 强开小婷嫩苞又嫩又紧视频韩国| 亚洲人成无码网站久久99热国产 | 亚洲国产欧美在线人成精品一区二区| 美女被免费网站视频九色| 国产精选午睡沙发系列999| 久久99中文字幕| 日韩久久无码免费毛片软件| 亚洲精品偷拍无码不卡av| 草的爽免费视频| 国产精品福利一区二区久久| 中国videos性高清免费| 欧洲a老妇女黄大片| 亚洲最大无码中文字幕| 精品国产免费人成网站| 国产激情一区二区三区在线观看| www国产无套内射com| 新婚娇妻倩如帮助三老头| 亚洲人成电影在线观看网| 欧美日韩亚洲精品国产色| 亚洲欧美国产日韩天堂在线视| 美女黄频视频大全免费的| 国产福利一区二区在线观看| awazliksikix小吃大全图片| 日本波多野结衣电影| 亚洲午夜精品久久久久久人妖 | 2022国产精品视频| 小莹与翁回乡下欢爱姿势| 久久精品国产一区二区三区不卡 | 日韩在线播放全免费| 久久精品这里有| 欧美精欧美乱码一二三四区|