H world group limited announces proposed public offering of american depositary shares

Shanghai, china, jan. 10, 2023 (globe newswire) -- h world group limited (nasdaq: htht and hkex: 1179) (“h world” or the “company”), a key player in the global hotel industry, today announced that it has commenced an underwritten public offering (the “offering”) of us$260 million of american depositary shares of the company (“adss”) in the united states, each representing ten ordinary shares of the company. all adss will be offered by the company. the underwriters are expected to have a 30-day option to purchase up to us$39 million of additional adss from the company.
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