Storm Shu's questions to GreenTree Hospitality Group Ltd (GHG) leadership • Q2 2024
Question
Storm Shu from ABC Capital asked about the company's plans to improve its stock's liquidity in the capital markets and inquired about the progress and timeline for any previously considered strategies.
Answer
Executive Alex Xu acknowledged the concern, noting the stock's concentrated ownership. He outlined a plan involving a reverse merger, which is expected to be completed in the next quarter. Following the restructuring, the company plans to conduct a phased, systematic offering of shares to outside investors to increase liquidity. Xu emphasized that the core focus remains on building long-term value through sustainable, profitable growth.