Jin Jiang shares fall on HomeInn deal

Shanghai Jin Jiang International Hotels Group shares fell 3.3 percent after it agreed to acquire 81 percent interest in Keystone Lodging Holdings for 8.27 billion yuan (US$1.3 billion).
Analysts said the transaction is expensive compared to the recent privatisation offer of HomeInn.
Upon completion of the acquisition, Jin Jiang says it will capture 24 percent market share in the economy hotel sector ? compared with HomeInn?s 17 percent and China Lodging Group?s 12 percent.