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DJ Symbol for Fosun Tourism Group (1992.HK) Now 0656.HK
Fosun Tourism Group to Delist After Share Buyback Receives Court's Approval
FOSUN TOURISM (01992) privatization plan effective, shares expected to be delisted after market close on March 19.
King Wu Financial News | FOSUN TOURISM (01992) announced that the privatization plan was approved by the Grand Court on March 14, 2025 (Cayman Islands time). All conditions of the plan have been met, and thus the plan and the share incentive proposal took effect on March 14, 2025 (Cayman Islands time). On the effective date, the company has received valid acceptance of the share incentive proposal for 55.38205 million shares, accounting for approximately 98.26% of the total share incentive. The delisting of the shares from the Stock Exchange is expected to take place at 4:00 PM on March 19, 2025 (Wednesday) (Hong Kong time).
The privatization vote was successfully passed, and FOSUN TOURISM (01992) has entered a new stage in its light asset strategic transformation.
The final vote for privatization has been concluded, and FOSUN TOURISM (FOSUN Travel, stock code: 01992) is expected to fully accelerate its light asset Global Strategy transformation, marking the company's development entering a new stage.
The privatization proposal of FOSUN TOURISM (01992) has been approved.
Jinwu Financial News | FOSUN TOURISM (01992) announced that the privatization proposal was approved by the court meeting and the special meeting of Shareholders, with the expected delisting from the Hong Kong Stock Exchange taking effect from 4:00 PM on March 19, 2025 (Wednesday).
FOSUN TOURISM (01992): It is expected that the shares will be delisted from the Hong Kong Stock Exchange after the market closes on March 19.
FOSUN TOURISM (01992) announced a proposal to repurchase the company's shares through a contractual arrangement in accordance with Article 86 of the Company Law...