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Fosun Tourism Group Appoints Independent Financial Adviser for Share, Options Incentives Repurchase
Fosun Tourism Group's Strategic Financial Moves
FOSUN TOURISM (01992.HK) has appointed Hao De Financing as an independent financial advisor.
On December 17, Gelonghui announced that FOSUN TOURISM (01992.HK) appointed Haode Financing Limited (a licensed corporation under the Securities and Futures Ordinance (Cap. 571) of Hong Kong, which can engage in regulated activities for Type 4 (advising on securities), Type 6 (advising on corporate finance), and Type 9 (providing Asset Management)) as an independent financial advisor. This appointment is to provide advice to shareholders without interests on the proposal and to provide advice to stock incentive holders on the share incentive proposal.
Fosun Tourism intends to go private: repurchasing equity at a high premium, focusing on long-term development.
Shanghai, December 17, 2024 /PR Newswire/ -- On December 10, FOSUN TOURISM (referred to as "FOSUN TOURISM", 01992.HK) announced its plan to repurchase shares at a price of HKD 7.8 per share. This price represents a premium of 111% compared to the closing price on the trading day before the last trading day; and a premium of 112% compared to the average closing price of the last five trading days including the last trading day. In response, FOSUN TOURISM stated that this privatization proposal is a key decision based on its long-term Global Strategy. Privatization will allow the company to respond more flexibly and actively to the ever-changing market environment, thus becoming more specialized.
Fosun Tourism Gets Take-Private Offer From French Hospitality Firm
FOSUN TOURISM (01992) privatization: a premium rate of 95%, focusing on long-term development.
With a premium rate as high as 95%, FOSUN TOURISM (01992) plans to privatize through an agreement arrangement, focusing on a stable transition to a light asset model to achieve sustainable growth and maximize Shareholder benefits.
Fosun Tourism Group's (HKG:1992) 26% Dip In Price Shows Sentiment Is Matching Revenues
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