Yueyang hotels near primary and secondary schools: Huazhu Hotel President Ji Qi: A good company must be able to endure loneliness

by tddfasc2x2 on 2010-04-13 15:13:27

Qijie, who has never paid attention to the stock market, began to check the stock of Homeinns every day during the roadshow. "Whenever the stock price of Homeinns fell, I became nervous." When he was annoyed, Qijie could only rely on Mozart's piano concertos to relieve stress. In mid-April last year, Ji Qi, chairman of Hanting Chain Hotel Group, invited his idol Paul Dubrule, founder of Accor Group, to visit China. Hotels near middle and primary schools in Xuzhou, Shanghai’s economy hotels started to experiment with not providing six-piece sets. For hotel reservations and inquiries, please call the 7*24-hour free hotline 4007840076 for sincere service and inquire about the management of large hotel groups. Ji Qi described his several hours with Dubrul as "thirsty and hungry". "Quality is more important than speed", which is exactly the final warning given by Mr. Dubrul to Ji Qi. On March 26, Hanting successfully listed on NASDAQ, and Ji Qi rang the opening bell of NASDAQ. After listing, Hanting's stock performed perfectly. It closed at $13.92 on the first day of listing, up 13.63% from the issue price of $12.25. As of March 30, Hanting's market value had reached 9.3 billion yuan RMB, increasing by 20%. Ji Qi, President of Hanting Hotel: A good company must be patient. Before the roadshow, Ji Qi's heart was always tight. At this time, the US stock market was not very stable. Before Hanting went public, an article in The Wall Street Journal raised concerns that China's policy tightening would affect the future development of hotels, believing that China's economy hotels were "oversupplied". Such comments undoubtedly affected the final issue price and sales situation of Hanting. Ji Qi's happiness lasted only a few minutes. This increase became a new pressure for Ji Qi. He hoped that his company's stock price would grow steadily. "All the stocks have been distributed. Hanting has collected so much money. How to turn this money into cash flow?" Ji Qi began to ponder the new continuous development strategy of the enterprise. He felt "walking on thin ice". A year later, Hanting Hotel listed on the NASDAQ in the United States, and Ji Qi has become a legendary figure who created three listed companies from Ctrip Travel Network, Homeinns Express Hotel Management Co., Ltd. to Hanting. Under the spotlight, Mr. Dubrul's teaching became clearer. "The crazier it is, the easier it is to have problems." Ji Qi said to Times Weekly reporter. In fact, the situation was better than Ji Qi expected. Hanting was pursued all the way during the roadshow, and the market subscription quantity reached dozens of times the expectation. The IPO issue price of Hanting was $12.25 per share, the upper end of the expected issue price range. On March 5, Hanting Hotel submitted its IPO application to the U.S. Securities and Exchange Commission (SEC) and prepared to land on NASDAQ. The company planned to issue approximately 9 million American Depositary Shares (ADSs) at a price of $10.25-$12.25 per share, expecting to raise over $100 million.