Fosun Tourism Group proposes share buy-back, delisting

Fosun Tourism Group (HKEX: 1992) announced plans for a share buy-back and proposed withdrawal of its listing from the Hong Kong Stock Exchange, following approvals at both a Court Meeting and an Extraordinary General Meeting (EGM) held on March 4, 2025. Shareholders approved the scheme of arrangement, with 99.44% of Scheme Shares voting in favor at the Court Meeting. The EGM saw the approval of the controlling shareholders’ rollover arrangement and the resolution to implement the scheme. Trading of shares is expected to cease on March 5, 2025, with the delisting anticipated to take effect on March 19, 2025. As of the announcement date, the Company and Company Concert Parties held 79.50% of the issued share capital. The register of members will close on March 11, 2025, to determine entitlements under the scheme.