Ghg announces proposed acquisition of da niang dumplings and bellagio from gti

Shanghai , may 16, 2022 /prnewswire/ -- greentree hospitality group ltd. (nyse: ghg) ("ghg" or the "company"), a leading hospitality management group in china, today announced that it has entered into a definitive agreement (the "sale and purchase agreement") to acquire da niang dumplings and bellagio, two leading restaurant chain businesses in china (collectively, the "target businesses"), from greentree inns hotel management group, inc. ("gti"), the company's controlling shareholder, and a letter agreement (the "letter agreement") in relation to the sale and purchase agreement.
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