Joke Collection Website - Public benefit messages - Received a text message from Jinmao Hotel.
Received a text message from Jinmao Hotel.
With the improvement of the epidemic situation, the occupancy rate of the hotel market has gradually picked up. However, due to the impact of the epidemic on the business travel market, exhibitions, business and other activities were either postponed or cancelled, and the domestic and international tourism industry fell to the bottom. The situation of Jinmao Hotel is also not optimistic.
There are five hotels in Jinmao Hotel, which are located in first-tier cities such as Beijing, Shanghai and Shenzhen, as well as three popular tourist cities such as Sanya and Lijiang. Jinmao Hotel is located in the prime location of the city, and its positioning is also high-end. Due to the epidemic this year, the financial situation of Jinmao Hotel has also been greatly affected. As of June this year, the company's cash and equivalents totaled 738 million yuan, while the company's interest-bearing bank loans and other loans totaled 8.622 billion yuan. Existing funds can't cover short-term debts, and the company's financial situation is quite grim. Coupled with the unknown epidemic situation, the company has announced privatization. The company believes that through privatization, assets can be flexibly adjusted to tide over difficult times. In addition to the outbreak of the epidemic, the high-quality assets that Jinmao Hotel can use through privatization cannot provide more financing options. In fact, the financial situation of Jinmao Company has already been in crisis, and this year's epidemic situation is undoubtedly worse. I hope it will improve gradually after this.
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