Fosun Tourism Group Sells Subsidiary for £30M

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

Fosun Tourism Group announced a definitive agreement to sell a subsidiary for a maximum of £30 million, with terms including a completion payment of £15 million, potential adjustments, and additional conditional payments. The deal is subject to approval from the UK’s Civil Aviation Authority, and the subsidiary will no longer be part of Fosun Tourism upon completion.

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