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Fosun Tourism Group ( (HK:1992) ) has issued an announcement.
Fosun Tourism Group announced the non-fulfillment of a pre-condition required for the potential share alternative option related to its proposed share buy-back and withdrawal from listing. The company had intended to offer Scheme Shareholders a choice between cash settlement or Rollover Securities as part of the buy-back, but the necessary level of shareholder interest was not met. Consequently, the company will not proceed with this option, and stakeholders are advised to exercise caution as the implementation of the proposal and scheme remains uncertain.
More about Fosun Tourism Group
Fosun Tourism Group is a company incorporated under the laws of the Cayman Islands with limited liability. The company operates within the tourism industry and is listed on the Hong Kong Stock Exchange with the stock code 1992.
YTD Price Performance: 0.0%
Average Trading Volume: 9,375
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €1.1B
Learn more about 1992 stock on TipRanks’ Stock Analysis page.
