Trip.com Group Ltd

NASDAQ:TCOMUnited States

Trip.com Group Limited Announces Proposed Offering of US$1.3 Billion Cash-par Settled Convertible Senior Notes

PR Newswire

SINGAPORE, June 4, 2024

SINGAPORE, June 4, 2024 /PRNewswire/ -- Trip.com Group Limited (Nasdaq: TCOM; HKEX: 9961) ("Trip.com Group" or the "Company"), a leading one-stop travel service provider of accommodation reservation, transportation ticketing, packaged tours, and corporate travel management, today announced the proposed offering (the "Notes Offering") of US$1.3 billion in aggregate principal amount of convertible senior notes due 2029 (the "Notes"), subject to market conditions and other factors, only to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). The Company intends to grant the initial purchasers in the Notes Offering an option to purchase up to an additional US$200 million principal amount of the Notes, exercisable for settlement within a 13-day period beginning on, and including, the date on which the Notes are first issued.

0321 GMT - Trip.com's revenue growth could pick up in 4Q with normalized growth and decent booking volume trajectory, Citi analysts Brian Gong and Alicia Yap say in a research note. Citi is optimistic about the Chinese travel-booking platform's long-term potential, as it has been gaining market share rapidly in Asia. The management notes a strong surge in inbound travel demand on China easing its visa policy which could lead to more revenue growth, the analysts note. Citi maintains a buy call on Trip.com and keeps its ADR target at US$66.00 given its leading position in China and decent potential from expansion in international markets. Its H shares are 0.3% higher at HK$399.80 while the ADRs last closed at US$51.77.(sherry.qin@wsj.com)

Trip.com Group to Hold Annual General Meeting on June 18, 2024

PR Newswire

SINGAPORE and SHANGHAI, May 28, 2024

SINGAPORE and SHANGHAI, May 28, 2024 /PRNewswire/ -- Trip.com Group Limited (Nasdaq: TCOM; HKEX: 9961) ("Trip.com Group" or the "Company"), a leading one-stop travel service provider of accommodation reservation, transportation ticketing, packaged tours, and corporate travel management, today announced that it will hold an annual general meeting of shareholders (the "AGM") at 2:30 p.m. on June 18, 2024 (Singapore time) at 30 Raffles Place, #29-01, Singapore 048622.