Posted inChina, Hong Kong

Fosun International’s tourism and culture arm plans IPO

Fosun Tourism & Culture Group, a wholly-owned subsidiary of Fosun International, has submitted an IPO prospectus to the Hong Kong Stock Exchange, The Paper reported. The prospectus shows that the company has continued to lose money in the past three years. In 2015, 2016 and 2017, the net loss was approximately 954 million yuan (US$139.37 million), […]

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