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Club Med owner's shares jump 83% after HK take-private offer
The Straits Times
|December 12, 2024
HONG KONG - Fosun Tourism Group shares saw their biggest jump on record in Hong Kong, after the owner of luxury resort chain Club Med offered to buy back shares from minority holders as it seeks to boost growth as a private company.
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Share prices surged as much as 83 per cent after Fosun Tourism resumed trading on Dec 11. The firm proposed to buy back the remaining shares that Fosun Group does not own and withdraw from its public listing in Hong Kong, according to an exchange filing on Dec 10.
The cancellation price is HK$7.80 per share, representing a premium of about 95 per cent to its last closing price on Nov 26, the day before trading was suspended.
A potential stake sale in Club Med had attracted interest from prospective suitors including Singapore's CapitaLand Investment, Bloomberg News has reported.
Diese Geschichte stammt aus der December 12, 2024-Ausgabe von The Straits Times.
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