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Fosun Tourism Group ( (HK:1992) ) just unveiled an update.
Fosun Tourism Group announced the sanctioning of a proposed share buy-back by way of a scheme of arrangement, which has been approved by the Grand Court and became effective on March 14, 2025. This move includes a Share Incentive Proposal, which also became effective and unconditional on the same date, with a significant acceptance rate of 98.26%. The announcement indicates a strategic effort by Fosun Tourism Group to consolidate its shareholding structure, potentially impacting its market positioning and shareholder value.
More about Fosun Tourism Group
Fosun Tourism Group is a company incorporated under the laws of the Cayman Islands, operating in the tourism industry. It is involved in various tourism-related activities and services, focusing on enhancing shareholder value through strategic financial maneuvers.
YTD Price Performance: 2.81%
Average Trading Volume: 18,000
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €1.1B
For a thorough assessment of 1992 stock, go to TipRanks’ Stock Analysis page.
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