Caesars Travel: Received $ 300 million in financial support from major shareholders to develop domestic travel, tax exemptions, etc.

Caesars Travel: Received $ 300 million in financial support from major shareholders to develop domestic travel, tax exemptions, etc.
On May 6, Caesar Tongsheng Development Co., Ltd. (hereinafter referred to as “Caesar Tourism”) announced that Caesar Sega Tourism and Cultural Development Group Co., Ltd. (hereinafter referred to as “Caesar Group”) planned to submit to Caesar Tourism and its subsidiariesThe company provides 12 months of financial assistance with a total amount of not more than 300 million US dollars, which is used to stabilize production and operation, accelerate the development of emerging businesses, and supplement the company’s working capital.Caesar Group is the controlling shareholder of Caesars Travel Holdings Co., Ltd. (“Caesar Sega”).The announcement shows that Caesar Group does not pay any fees to Caesars Travel for the financing, and Caesars Travel does not need to provide Caesars Group with any mortgage or guarantee.The specific methods of financial assistance include private loans, entrusted loans, and any other forms that do not violate laws and regulations.Caesars Tourism will comprehensively consider the dynamics of the capital situation of the Caesars Group and the company within the time limit and quota to determine the actual financing scale.The person in charge of Caesars Tourism said that the domestic epidemic has entered a new stage of prevention and control. Major shareholders have granted Caesars Tourism with 300 million interest-free financial assistance, which can strengthen the company ‘s financial strength and is an important support for the resumption of production and production.Emerging businesses such as domestic travel and tax-free investment have provided support to help the company’s overall transformation and upgrading.The Air Force issued an announcement on April 24 that Caesars Tourism announced that it would raise no more than 11.600 million US dollars, fixed increase targets include Jingdong Group’s wholly-owned subsidiary Zhuqian Hanbang and Wenyuan Fund, etc., raised funds used to supplement working capital, business development, etc.Sauna, Ye Wang Wang Shengnan Picture Caesars Travel Official Website Screenshot Editor Li Zheng proofs Wei Zhuo