…ation of the area, said DBS analysts Derek Tan and Ho Pei Hwa. Read more>> Fosun’s £750M Rescue of Troubled UK Holiday Group Faces Hurdles Fosun Tourism Group, the operator of the Club Med branded resorts, expects to face hurdles in the planned acquisition of a controlling stake in Thomas Cook Group, its chairman and chief executive said on Monday, adding that there was a chance the Chinese company will not take part in the latter’s re-organizatio…
Search Results for: fosun
HNA Group Gets Help to Repay Dollar Bond and More Asia Real Estate Headlines
…llion) to HNA Group to help it repay that bond. Read more>> Club Med Owner Fosun Tourism Posts H1 RMB 490M Profit Club Med owner Fosun Tourism Group said on Monday that its net profit attributable to the company’s shareholders amounted to RMB 490 million ($69.5 million) for the first six months of this year, against a net loss of RMB 254.5 million for the same period last year, mainly down to rising profit from tourism operations. The company said…
Asia Real Estate People in the News 2020-03-02
…Kong Kong-listed developer has appointed a former China Resources Land and Fosun Properties senior executive as co-chairman, while Kerry Properties promotes a company veteran to senior director. There were also fresh hires at Wilson Associates, Sotheby’s International Realty, ReMax, and Weave Co-Living. SRE Group announced on 28 February that its chairman Peng Xinkuang and executive director Chen Donghui have both been suspended until further noti…
SG’s Fragrance Group Buys Aussie Hotel Project and More Asia Real Estate Headlines
…ted footfalls as consumers avoid crowded places such as malls. Read more>> Fosun Tourism Says China Recovery will Help Ease Pain of European Shutdown Fosun Tourism Group, the owner of French resort chain Club Med, has said that its globalisation strategy is helping it to cope with the slump in its business. The Hong Kong-listed travel company has seen its operations in China slowly recover from the slump caused by the coronavirus outbreak even as…
Mapletree Trust Invests $211M in US Data Centres and More Asia Real Estate Headlines
…ata centres held by MRDCT on a 100% basis is US$823.3 million. Read more>> Fosun Said Paring Stake in Alibaba Logistics Unit Fosun, which owns resorts brand Club Med and controls French fashion house Lanvin among other assets, is looking to sell part or all of its 6.7% stake in Cainiao at a valuation of nearly $20 billion, two of the people said. The once-acquisitive conglomerate has been talking to Chinese investment firms and companies, includin…
COVID-19 Concerns Shut Down HK Disneyland and More Asia Real Estate Headlines
…ng a regionally domiciled fund vehicle. Read more >> Bidders Near Deal for Fosun’s Cirque du Soleil Cirque du Soleil and its secured creditors are close to reaching an agreement on a second stalking horse bid for the financially strapped entertainment group. On Friday, lenders opposed a deal with shareholders including TPG Capital and Fosun International. Canada’s once high-flying Cirque has received protection from creditors as its restructures d…
Asia Real Estate People in the News 2021-03-22
…company’s Podium platform of digital solutions for the built environment. Fosun Tourism Group has appointed Xu Bingbin as an executive director on the company’s board, according to an announcement to the Hong Kong stock exchange. A veteran of Fosun Group, Xu has been with the company since 2009. During his years with the Shanghai-based conglomerate, Xu has served as a director of its Club Med SAS subsidiary, as well as its UK tourism unit Thomas…
Asia Real Estate People in the News 2021-05-03
…ed to Hong Kong with the banking giant in 2003, after joining in New York. Fosun Tourism last week announced that Wang Wenping had resigned as executive director and chief financial officer with the Hong Kong-listed unit of Shanghai’s Fosun Group, effective from 25 April. The company is replacing Wang with Choi Yin On as vice president and chief financial officer. The 37-year-old joins the parent company of Club Med and Thomas Cook from Citigroup…
Evergrande Leaders Pledge to Deliver Projects and More Asia Real Estate Headlines
…ing to several people familiar with the matter. Read more>> Club Med Owner Fosun Tourism Expects Rapid Tourism Rebound Club Med owner Fosun Tourism Group said Wednesday that it sees a sharp rebound in business in the months ahead. The Hong Kong-listed company expects its performance between July this year and June 2022 to match full-year earnings for 2019, as the global tourism sector is showing encouraging signs of recovery from the COVID-19 pand…
Shanghai Zendai Property Boss Quits After Profit Warning
…Zendai said that Harrison Ma Yun and Alfred Wu Junao, both executives with Fosun, had resigned as non-executive directors and had been replaced by Cui Di and Gavy Huang Jiawei, who also represent Fosun. The Shanghai-focused Zendai was founded in 1992 and is perhaps best known for its Himalayas Art Center in Shanghai’s Pudong business district, China’s first privately funded, non-profit art institute. Dai Zhikang surrendered to police over a peer-t…
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