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

Reuters

2024/12/10

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))

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