FOSUN TOURISM (01992) resumed trading and opened up over 83%. As of the time of writing, it has risen by 83.25% to HKD 7.33, with a transaction amount of HKD 4.2191 million.
According to Zhito Finance APP, FOSUN TOURISM (01992) resumed trading and opened up over 83%. As of the time of writing, it has risen by 83.25% to HKD 7.33, with a transaction amount of HKD 4.2191 million.
In terms of news, FOSUN TOURISM announced that it intends to repurchase the company's shares through a contractual arrangement at a cash price of HKD 7.8 per share, which represents a 95% premium compared to the closing price before suspension, involving approximately HKD 2.122 billion. It plans to finance this using internal cash resources and/or external debt. After the plan takes effect, FOSUN INTL and SingHoldings will respectively hold approximately 98.44% and 1.56% of the company's equity, and the company's listing status on the Hong Kong Stock Exchange will be revoked.
The company stated that this privatization proposal is a key decision made based on FOSUN TOURISM's long-term development Global Strategy. After the privatization is completed, FOSUN TOURISM will continue to maintain the normal Operation of its existing Business, and currently there are no plans for significant adjustments to the company's overall Operation after privatization. Employment and benefits for employees will also remain unchanged.