Priceline October $1.59 billion holdings of Ctrip increased to 7.9%

NetEase technology News October 21, Ctrip (NASDAQ:CTRP) on October 20 to the United States http://www.aliyun.com/zixun/aggregation/6074.html "> The Securities and Exchange Commission has submitted additional information on the sc-13d document. Ctrip in the submission of additional documents disclosed that the travel site Priceline recently spent 159 million U.S. dollars to buy Ctrip shares, the proportion of 7.9%.

Documents show that Priceline's wholly owned subsidiary "Priceline Group Treasury company B.V." In the October 10 to 17th, there have been six purchases of Ctrip's United States depository shares, each purchase of 160,000 shares to 320,000 shares, the average price in each depository shares of 51.1 U.S. dollars to 54.6 U.S. dollars.

The document states that as of October 17, "Priceline Group Treasury company B.V." A total of $293 million worth of Ctrip has been purchased from the open market, that is, 11,238,955 shares of the United States depository stocks, including 5,093,605 depository stocks that exercise the purchase of equity, and 6,145,350 Depository stocks converted from convertible bonds, totalling 2 per cent, 809,738.75 shares, that is, 7.9% of the shares issued.

Ctrip in sc-13d document originally disclosed, as of September 30, Priceline has in the open market has bought 134 million U.S. dollars Ctrip stock. In this calculation, Priceline spent another 159 million dollars in October's investment.

The content of the sc-13d document is "beneficial ownership disclosure". In accordance with the provisions of the Securities and Exchange Commission, where the purchase of a company has voting rights securities, the beneficial ownership of more than 5% of the organizations or individuals should carry out such disclosure.

In August this year, Priceline announced an investment in Ctrip, which amounted to 500 million U.S. dollars and accounted for up to 10% of the shares. Priceline is the largest online travel company in the United States.

In the past 5 trading days, Ctrip's shares have climbed, rebounding from a 50.11-dollar low in the month of 14th, to 56.35 dollars by 20th. The shares were quoted at $57.56 trillion in today's trading, up 2.29 U.S. dollars, or 4.14%. Abinadab）