Fosun Tourism Group (1992.HK)
- Reuters
Chinese conglomerate Fosun's tourism unit says reviewing business portfolio
Fosun International is looking to sell all or part of its luxury resort Atlantis in southern China as part of its efforts to reduce debt, Reuters reported on Tuesday citing sources. Fosun's Hong Kong-listed unit Fosun Tourism Group owns the resort. "Fosun Tourism consistently reviews and optimises its business portfolio, focuses on the growth of core businesses, and will continue to strengthen operational capabilities," the tourism company said in a statement.
- Reuters
Exclusive-China's Fosun explores sale of Atlantis Sanya luxury resort, sources say
Fosun International is looking to sell all or part of its luxury resort Atlantis in southern China as part of its efforts to reduce debt, three people with knowledge of the matter said. Located on Hainan island, known as China's Hawaii, in the seaside city of Sanya, the integrated resort spans an area equivalent to 66 soccer pitches. Fosun, known for once being one of China's most acquisition-hungry conglomerates, has sent information to prospective buyers and advisers and has been in informal discussions with them in recent months, said two of the people.
