Oriental Hotel: No substantial progress has been made in asset injection

Lingnan Group after the arrival of the Oriental Hotel (000524) The first annual general meeting of Shareholders held yesterday, the conference was chaired by Lin Wei-min, vice chairman of the Oriental Hotel.　　For the concern of the Lingnan group, the use of Oriental Hotel as a listing platform for its hotel resources integration plans to promote the situation, Lin Wei-min said that there is no clear and substantive progress. By the Canton Fair relocation and financial crisis brought about by the impact of the decline in inbound passenger flow, 2009 Oriental hotel Business income and net profit fell sharply, the annual performance loss. However, because of the Lingnan group in the news of the stimulus, the company's stock price early performance has been very eye-catching.　　According to the industry analysis, because the Lingnan group has high-quality Hotel resources and customers, while the hotel to the Oriental Hotel sent 6 directors have a relatively rich and successful hotel management experience, so the Lingnan group is expected to be in the East Hotel itself hotel business operation will have a greater improvement.　　Data show that in the second half of last year, the Oriental hotel business receipts rebounded, compared to the first half of the 11.5515 million Yuan growth, the company's operating situation has continued to improve. Oriental Hotel Dong Zheng told reporters that from the Oriental Hotel itself, the main task is to do the operation of the Canton Fair. He explained that the company's previous operations rely mainly on the Canton Fair, the current business thinking will occur some changes, will be more energy to their day-to-day operations up.　　Specific measures to improve the operation, including the increase in marketing, customer development and strengthen the cost control of several aspects at the same time to start.　　He said that this year, Guangzhou's inbound passenger flow is gradually resuming growth, with the end of the Asian Games and Guangzhou City positioning, the development of the Guangzhou Hotel industry will face greater space, and Oriental Hotel this year's operating situation as a whole is also more optimistic. In addition, according to Zheng, Lingnan Group emphasizes the integration of the group, that is, the role of the group as Coordinator, the group's hotel resources for the full mobilization and integration, the effect of the previous operation is more obvious. Oriental Hotel After joining the Lingnan Group, Lingnan Group's overall advantage will be covered to the Oriental hotel, and to benefit from it.