Fosun to list tourism arm to raise US$500m; HK likely to be listing venue
Group includes JV with Thomas Cook Group, Hainan hotel, Club Med
Add BT as a preferred source
Hong Kong
CHINESE conglomerate Fosun International is in talks with banks to list its tourism business, which includes French resort chain Club Med, to raise at least US$500 million, IFR reported on Thursday, citing people familiar with the situation.
Fosun Tourism & Culture Group includes a Chinese joint venture with tour operator Thomas Cook Group and a luxury hotel in Hainan province as well as Club Med, according to IFR, a Thomson Reuters publication.
TRENDING NOW
Canada’s fight with the US has far bigger stakes than trade
Singapore’s new data centres must use renewables. Can they overcome the hurdles?
Record remittances fail to shield Philippine peso’s slide from mounting pressures
Air India investment has ‘not adversely affected’ SIA’s ability to serve Singaporeans for now: Jeffrey Siow
