BRIEF: Fosun Tourism may have dropped into the red last year
Fosun Tourism Group (1992.HK), operator of the Club Med resort chain, said on Monday that it may have lost money last year, or reported a small profit. The company said…
Fosun moves on from debt crisis with renewed focus on tourism, healthcare
The conglomerate is looking to take Fosun Tourism and Henlius private as its finances improve, helped by asset sales Key Takeaways: In his New Year’s speech, Fosun founder Guo Guangchang…
Goldlion joins stock retreat as brand loses its luster
The menswear maker has become the latest firm to announce plans to delist from the Hong Kong market as it grapples with weak Chinese consumption Key Takeaways: The privatization is…
Fosun Tourism travels back to home base with delisting plan
The resort operator is being absorbed back into the Fosun group via a buyout offer to minority shareholders, with a focus on China’s domestic travel market Key Takeaways: Fosun Tourism’s…
BRIEF: Fosun Tourism sells Thomas Cook for 30 million pounds
Resort operator Fosun Tourism Group (1992.HK) announced on Wednesdayit is selling Thomas Cook, its British-based online travel agency, for up to 30 million pounds ($39.45 million), and expects to make…
Bumpy ride for Fosun Tourism as bargain holidays on the rise
The Chinese owner of the Club Med chain and other travel brands is facing tighter tourism spending and could become a casualty of its parent’s debt problems Key Takeaways: Fosun…
Fosun Tourism’s post-Covid holiday fizzles
The resort unit of one of China’s leading conglomerates posted modest growth in the first quarter, as its broader outlook was clouded by debt issues at its parent Key Takeaways:…
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Fosun Tourism travels back to home base with delisting plan
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