FAST NEWS: Business Surges at Fosun Tourism’s Core Mega-Resort
The latest: Resort operator Fosun Tourism Group (1992.HK) announced Wednesday that its core mega-resort, Atlantis Sanya, posted 159 million yuan ($23.4 million) in business volume during the 16-day period around…
Is Fosun Set to Rise Again as China Reopens?
The debt-heavy conglomerate announced a fresh $1 billion in asset sales last week, as growing signs emerge that its looming debt crisis of 2022 may be recedingKey Takeaways:Fosun International announced…
Fosun Seeks Club Med Investors to Plug Its Own Financial Holes
The debt-plagued financial conglomerate is reportedly looking for a third party to buy some or all of its majority stake in Fosun Tourism, owner of the French resort chainKey Takeaways:Debt-strapped…
FAST NEWS: Fosun Tourism Announces Chairman’s Resignation, New co-CEO
The latest: Resort operator Fosun Tourism Group (1992.HK), owner of the Club Med resort chain, disclosed Monday its chairman and CEO Qian Jiannong has resigned and been appointed as honorary chairman of the…
Fosun Scrambles to Sell Its Way Back to Health. But Will It Mortgage Its Future?
Billionaire Guo Guangchang’s flagship investment group aims to sell up to $11 billion in non-core holdings to pay down its debt. But such sales could leave it with less-desirable assetsKey…
FAST NEWS: South Korea’s Meritz Buys Into Fosun Tourism
The latest: South Korean financial company Meritz Financial Group disclosed it purchased 81.54 million shares of resort operator Fosun Tourism Group (1992.HK) on Oct. 20, equal to 6.57% of the…
FAST NEWS: Fosun Tourism Plunges After Controlling Shareholder Cuts Holdings
The latest: Resort operator Fosun Tourism Group (1992.HK) announced on Wednesday its controlling shareholder, Fosun International (0656.HK), agreed after the market closed Sept. 5 to sell 28 million shares of the company…
