tiprankstipranks
Fosun Tourism Group Announces Major Property Sale
Company Announcements

Fosun Tourism Group Announces Major Property Sale

Fosun Tourism Group (HK:1992) has released an update.

Maximize Your Portfolio with Data Driven Insights:

  • Leverage the power of TipRanks' Smart Score a data driven tool to help you uncover top performing stocks and make informed investment decisions.
  • Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio

Fosun Tourism Group has announced the sale of its subsidiary-owned properties for a total of RMB 393.6 million, in a transaction that is significant enough to require formal disclosure. The deal, which involves independent third-party purchasers, falls between 5% to 25% of the company’s asset scale and adheres to the necessary reporting regulations of the Hong Kong Stock Exchange Listing Rules.

For further insights into HK:1992 stock, check out TipRanks’ Stock Analysis page.

Related Articles
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App