(Yicai Global) Sept. 14 -- Beijing Shiji Information Technology’s stock hit the 10 percent limit up this morning after it announced yesterday it will provide a next-generation information management system and corresponding software and hardware products and services to The Peninsula Hotels.

The company’s shares [SHE:002153] rose to the ceiling to stop trading at CNY36.85 (USD5.39) just after opening on the statement.

Shiji will provide to the chain’s HSH Management Services branch with its Shiji Enterprise Platform enterprise-level hotel information management system, which will replace its existing property management and central reservations systems, per the agreement the wholly-owned Shiji Singapore unit and Peninsula’s HSH Management Services arm penned yesterday.

All Peninsula chains worldwide will use Shiji’s platform and related software as a service and pay a corresponding rate per month per room, under the agreement. The statement omitted any mention of the revenue anticipated to flow from the arrangement, however.

The Peninsula Beijing will be the first location to adopt Shiji’s system, the statement added.

Shiji’s independently researched and developed mechanism has thus achieved application in the internationally renowned hotel group, and this will promote and accelerate the internationalization of the company’s products, per the statement.

A top luxury hotel brand operated by Hong Kong-based The Hongkong and Shanghai Hotels, the Peninsula has sub-chains in the Chinese special administrative region, Shanghai, Beijing, Tokyo, New York, Chicago, Los Angeles, Paris, Bangkok and Manila. It is also building three new venues in London, Istanbul and Yangon, Burma according to the statement.

Editor: Ben Armour