Club Med Parent Fosun Tourism Announces Share Buyback Privatization Offer at HKD 7.80 Per Share Representing 95% Premium to Closing Price on 26th November 2024 with $1.25 Billion Valuation, Fosun Tourism Will be Owned by Controlling Shareholder Fosun International & be Delisted from Hong Kong Exchange
11th December 2024 | Hong Kong
Club Med parent Fosun Tourism announces share buyback privatization offer at HKD 7.80 per share representing 95% premium to closing price on 26th November 2024 with $1.25 billion valuation. After privatization, Fosun Tourism will be owned by controlling shareholder Fosun International & be delisted from Hong Kong Exchange (HKEX). Fosun Tourism Group – Fosun Tourism Group (also known as FTG and Fosun Holiday, stock code: 01992.HK), is a world-leading leisure-focused integrated tourism group. As a core component of Fosun’s Happiness business segment and embracing the mission of “Better Holiday, Better Life”, Fosun Tourism Group endeavors to pioneer holiday lifestyle and create a world-leading family leisure and tourism ecosystem. Fosun Tourism Group owns brands and products including Club Med, the global leader operating more than 60 resorts that offers exquisite “all-inclusive” holidays ；Atlantis Sanya, a one-stop ocean-themed integrated high-end tourism destination; Taicang Alps Resort and Lijiang Club Med Resort, two one-stop global leisure and tourism destinations; Foryou Club that serves members of Fosun Tourism Group worldwide, etc. Fosun – Fosun was founded in 1992. After more than 30 years of development, Fosun has become a global innovation-driven consumer group. Adhering to the mission of creating happier lives for families worldwide, Fosun is committed to creating a global happiness ecosystem fulfilling the needs of one billion families in health, happiness and wealth. In 2007, Fosun International Limited was listed on the main board of the Hong Kong Stock Exchange (stock code: 00656.HK). As of 30 June 2024, Fosun International’s total assets amounted to RMB821.9 billion; it received an AA MSCI ESG rating and was the only conglomerate in Greater China with such rating. Club Med (Club Méditerranée), founded in 1950 in France, has nearly 70 resorts on six continents.With an all-inclusive model, and by offering a wide variety of resort activities, considerate and thoughtful Gentle Organizer (G.O) services, bar and evening entertainment social events, Mini Club for parents and children, and cuisines from all over the world, Club Med has built a unique brand in the field of global leisure vacation and become the first choice for family vacations.
“ Club Med Parent Fosun Tourism Announces Share Buyback Privatization Offer at HKD 7.80 Per Share Representing 95% Premium to Closing Price on 26th November 2024 with $1.25 Billion Valuation, Fosun Tourism Will be Owned by Controlling Shareholder Fosun International & be Delisted from Hong Kong Exchange “
Club Med Parent Fosun Tourism Announces Share Buyback Privatization Offer at HKD 7.80 Per Share Representing 95% Premium to Closing Price on 26th November 2024 with $1.25 Billion Valuation, Fosun Tourism Will be Owned by Controlling Shareholder Fosun International & be Delisted from Hong Kong Exchange
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