China

Home Inns ready to buy Motel 168

Home Inns has entered into a definitive agreement to acquire Motel 168. This addition of 281 hotel locations in 81 cities will further strengthen its leadership with a multi-brand portfolio. US$470 million in cash and stock consideration with the deal closing expected for the fourth quarter of 2011.

Air China Singapore invests in high-end travelers

A joint marketing alliance has been proposed between Air China Singapore and Industrial & Commercial Bank of China Limited. The investment will help the airline to concentrate on the high-end travelers' market... that of First Class and Business Class passengers.
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