China's Fosun to take tourism unit private in $1.25 bln deal

FOSUN INTERNATIONAL

10/12/2024 10:55

Dec 10 (Reuters) - Chinese conglomerate Fosun
International  0656.HK  plans to take its tourism arm private,
valuing the unit at HK$9.71 billion ($1.25 billion), the tourism
business said in a filing with the Hong Kong stock exchange on
Tuesday.

 ($1 = 7.7761 Hong Kong dollars)

 (Reporting by Rishav Chatterjee in Bengaluru; Editing by
Shounak Dasgupta)
 ((Rishav.Chatterjee@thomsonreuters.com))