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Fosun Tourism Group ( (HK:1992) ) just unveiled an announcement.
Fosun Tourism Group announced a proposed share buy-back through a scheme of arrangement, which was approved by the shareholders at the Court Meeting and the Extraordinary General Meeting (EGM). The company also plans to withdraw its listing from the Stock Exchange, effective from March 19, 2025, pending the scheme’s effectiveness. This move indicates a strategic shift in the company’s operations and could have significant implications for its market positioning and stakeholders.
More about Fosun Tourism Group
Fosun Tourism Group is a company incorporated under the laws of the Cayman Islands, focusing on tourism-related businesses. It operates in the tourism industry, providing services and products related to travel and leisure.
YTD Price Performance: 3.37%
Average Trading Volume: 18,000
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €1.14B
Find detailed analytics on 1992 stock on TipRanks’ Stock Analysis page.