Travel

Fosun to make investment in the travel and tourism business

One year ago   |   By

It is great news for travel and tourism business, Chinese conglomerate Fosun International is urging in talks with investment banks to list its tourism business to raise at least US $500 million.
The Tourism & Culture Group, Fosun's tourism unit, includes a resort operator Club Med, a Chinese joint venture with tour operator Thomas Cook Group and the luxury Atlantis Resort Hotel in Sanya, Hainan province.
This Shanghai-based parent company is considering spinning off the unit as early as next year and is likely to pick Hong Kong as the listing venue. The company has not decided on the...
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