(Yicai Global) Aug. 14 -- The price of shares in Wanda Hotel Development Co. [HK:0169] (WHD) increased 48.68 percent to a 52-week high in early trading today after the firm said last Wednesday that it will receive an asset injection from its parent company.

WHD said on August 9 that it plans to acquire a number of cultural, tourism and hotel assets from its indirect controlling shareholder Wang Jianlin for USD945.4 million (CNY6.3 billion), making WHD a flagship listed platform of Dalian Wanda Group Co.'s cultural and tourism business.

WHD shares rose 30 percent in two days (Thursday and Friday) last week on the news. Its stock price closed at USD0.29 (HKD2.26) in today's morning session.