Fosun Tourism Group (1992.HK)
| Previous Close | 3.880 |
| Open | 3.900 |
| Bid | 3.970 x 0 |
| Ask | 4.030 x 0 |
| Day's Range | 3.870 - 4.040 |
| 52 Week Range | 3.040 - 9.440 |
| Volume | |
| Avg. Volume | 1,465,274 |
| Market Cap | 5.011B |
| Beta (5Y Monthly) | 1.28 |
| PE Ratio (TTM) | 14.93 |
| EPS (TTM) | 0.270 |
| Earnings Date | Mar 14, 2024 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | Jun 30, 2020 |
| 1y Target Est | 9.96 |
ReutersChinese conglomerate Fosun's tourism unit says reviewing business portfolio
Fosun International is looking to sell all or part of its luxury resort Atlantis in southern China as part of its efforts to reduce debt, Reuters reported on Tuesday citing sources. Fosun's Hong Kong-listed unit Fosun Tourism Group owns the resort. "Fosun Tourism consistently reviews and optimises its business portfolio, focuses on the growth of core businesses, and will continue to strengthen operational capabilities," the tourism company said in a statement.
ReutersExclusive-China's Fosun explores sale of Atlantis Sanya luxury resort, sources say
Fosun International is looking to sell all or part of its luxury resort Atlantis in southern China as part of its efforts to reduce debt, three people with knowledge of the matter said. Located on Hainan island, known as China's Hawaii, in the seaside city of Sanya, the integrated resort spans an area equivalent to 66 soccer pitches. Fosun, known for once being one of China's most acquisition-hungry conglomerates, has sent information to prospective buyers and advisers and has been in informal discussions with them in recent months, said two of the people.
- Reuters
China's Fosun explores sale of minority stake in $800 million Club Med -sources
Chinese conglomerate Fosun International is exploring the sale of a minority stake in its luxury resort chain Club Med, targeting a valuation of $800 million for the whole business, according to two people with knowledge of the matter. Fosun has been in informal discussions with potential buyers and advisers about the sale in recent months, but no firm bid has emerged, said the two sources and a third person with knowledge of the matter. Fosun could sell as much as a 30% stake in Club Med, said one of the sources.
