Jinshi data news on December 10th, Fosun Tourism Group (01992.HK) announced that on October 9, 2024, the board of directors resolved to recommend the repurchase of the company’s shares in accordance with Article 86 of the Company Law through the protocol arrangement, and submitted this proposal to the planned shareholders. The announcement shows that if the plan takes effect, all planned shares will be cancelled except for the planned shares not distributed to the trustee. Fosun Tourism Group responded that the privatization proposal is a key decision made based on the long-term development strategy of Fosun Tourism Group. After privatization is completed, Fosun Tourism Group will continue to maintain the normal operation of its existing business, and there are currently no plans to make major adjustments to the overall operation of the company after the completion of privatization, and the employment and welfare benefits of employees will remain unchanged.
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