Edition:
United Kingdom

Fosun Tourism Group (1992.HK)

1992.HK on Hong Kong Stock

10.72HKD
13 Sep 2019
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Latest Key Developments (Source: Significant Developments)

Fosun Tourism Group Considers Proposal Of Recapitalization Of Thomas Cook
Friday, 12 Jul 2019 

July 12 (Reuters) - Fosun Tourism Group <1992.HK>::CO & AFFILIATES WITH THOMAS COOK'S CORE LENDING BANKS CONSIDERING PROPOSAL ON RECAPITALIZATION, SEPARATION OF THOMAS COOK..UNDER PROPOSAL, THOMAS COOK IS TARGETING INJECTION OF £750 MILLION NEW MONEY, WHICH MAY COMPRISE CAPITAL INJECTION, FINANCING FACILITIES.PROPOSAL ENVISAGES SIGNIFICANT AMOUNT OF THOMAS COOK'S EXTERNAL BANK AND BOND DEBT WILL BE CONVERTED INTO EQUITY.THOMAS COOK'S EXISTING SHAREHOLDERS WILL BE SIGNIFICANTLY DILUTED AS PART OF RECAPITALIZATION.THERE ARE ADVANCED TALKS AMONG CO, THOMAS COOK AND THOMAS COOK'S CORE LENDING BANKS ON KEY COMMERCIAL PRINCIPLES ON PROPOSAL.DISCUSSIONS ARE CONTINUING, NO DEFINITE OR NON-BINDING AGREEMENT HAS BEEN REACHED TILL DATE.  Full Article

Fosun Tourism Group Entered Steelwork Material Purchase Framework Agreement With Nangang Trading
Thursday, 6 Jun 2019 

June 7 (Reuters) - Fosun Tourism Group <1992.HK>::CO ENTERED INTO STEELWORK MATERIAL PURCHASE FRAMEWORK AGREEMENT WITH NANGANG TRADING.PURSUANT TO DEAL, CO TO PURCHASE STEELWORK MATERIALS FROM NANGANG TRADING FOR CONSTRUCTION OF CO'S TAICANG PROJECT.  Full Article

Fosun Tourism Sees FY Net Profit Of Rmb350 Million
Sunday, 20 Jan 2019 

Jan 21 (Reuters) - Fosun Tourism Group <1992.HK>::GROUP EXPECTS TO RECORD A NET PROFIT NOT LESS THAN RMB350 MILLION FOR YEAR ENDED 31 DECEMBER 2018.  Full Article

PRESS DIGEST- British Business - Aug 29

Aug 29 The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.