Fosun Tourism hits near 2-year low on major shareholder's share sale plan

Fosun Tourism

07/09/2022 09:09

** Shares of resort operator Fosun Tourism Group  1992.HK 
drop as much as 11.3% to HK$7.10, the lowest since November 2020
    ** Shanghai-based company says its major shareholder Fosun
International  0656.HK  has contracted to sell 28 mln shares at
HK$8.57 each to independent third parties  urn:newsml:reuters.com:*:nFWN30D19O
    ** Shares of Fosun International  0656.HK  climbs 0.2%
    ** Hang Seng Commerce & Industry Index  .HSNC , Hang Seng
Composite Index  .HSCI  and Hang Seng Index  .HSI  all slip 0.9
    ** As of last close, stock of Fosun Tourism had fallen 23.7%
this year

 (Reporting by Donny Kwok; Editing by Edmund Blair)
 ((donny.kwok@thomsonreuters.com))