BRIEF: Fosun Tourism may have dropped into the red last year
Fosun Tourism Group (1992.HK), operator of the Club Med resort chain, said on Monday that it may have lost money last year, or reported a small profit. The company said…
Fosun moves on from debt crisis with renewed focus on tourism, healthcare
The conglomerate is looking to take Fosun Tourism and Henlius private as its finances improve, helped by asset sales Key Takeaways: In his New Year’s speech, Fosun founder Guo Guangchang…
Fosun Tourism travels back to home base with delisting plan
The resort operator is being absorbed back into the Fosun group via a buyout offer to minority shareholders, with a focus on China’s domestic travel market Key Takeaways: Fosun Tourism’s…
Bumpy ride for Fosun Tourism as bargain holidays on the rise
The Chinese owner of the Club Med chain and other travel brands is facing tighter tourism spending and could become a casualty of its parent’s debt problems Key Takeaways: Fosun…
Fosun Tourism’s post-Covid holiday fizzles
The resort unit of one of China’s leading conglomerates posted modest growth in the first quarter, as its broader outlook was clouded by debt issues at its parent Key Takeaways:…
Fosun International on cusp of new ‘asset-light’ era with latest sale
The conglomerate is selling its stake in multinational insurer Ageas, extending a slimming exercise touched off by a liquidity crisis in 2022 Key Takeaways: Fosun International’s total debt-to-capitalization ratio stood…
Fosun Tourism at crossroads as parent shops its two major assets
Fosun International is reportedly looking to sell some or all of its tourism unit’s Atlantis Sanya mega-resort, as well as a stake in the unit’s Club Med resort chain Key…
