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even Fosun talks about a plan being not involved
lets wait for it
reading more and more about the Fosun Tourism interview I think there is actually a second (or even mure) rescue plan in which Fosun might not be involved !
https://www.tornosnews.gr/epixeiriseis/tour-operators/38855-dyskolies-sthn-exagora-toy-thomas-cook-vlepei-h-fosun.html
Major difficulties in the planned takeover of Thomas Cook's majority stake are seen by Fosun Tourism Group Chairman and CEO Qian Jinnong. Speaking to reporters in Hong Kong about the group's interim results, Qian Jinnong said Fosun may not be involved in Thomas Cook's rescue plan at all.
So fosun where going to put 450m in.
So why could they not use say 150m to buy the equity, have a agreement with the bond holders like TCG /fosun have now and take the company that way ?
Bond holders and banks surely do not care how they get there money
And what happens IF there is a deal from another bidder that TCG my be leaning towards
What would fosun do then ?
This I just throwing ideas out there at the moment trying to make sense of it all lol
Yes I did think that buck at first but I read it again and again and it now looks to me a hint of them buying shares in TCG and the airline
Jt
Maybe that’s what’s happening here.
Maybe it’s a threat from fosun to TCG. Maybe they are hinting we are going to walk away from the deal and go a different direction in taking over the deal
Maybe NK and his backers are quite and not buying the shares because he has put a deal to TCG
It all seems very strange as fosun have been pretty quite so far and now the last couple of days they seem to be giving WARNINGS to TCG
again there are so many ways you could see all this. But it does sort of explain why there share is up considering all the bad news at TCG and the world economy struggling
@Puss
Fosun purch shares - As I understand things - NO.
Whilst they are in Negotiations -then they are privvy to insider info.
IF - they declare that talks have ended - then YES - they may trade shares again.
Meanwhile - as neither Lilly nor NK have entered official talks - then they are at liberty to trade.
That's my take on the situation.
Cheers
@Balmus
Thanks for this article / link
Yes that’s what I thought
But that report (again depends how you read it ) seems to hint they will.
Buck so y r the Bondholders are throwing more good money after bad?
Are fosun allowed to buy more shares ?
Balmus
Now that is interesting
http://www.thestandard.com.hk/section-news.php?id=210803
Fosun Tourism back in black
Business | Stella Zhai 20 Aug 2019
hm, different interpretation from that newspaper:
Jim Qian Jiannong, chairman of Fosun Tourism said the company is in talks of a restructuring plan of London-listed Thomas Cook, with the expectation to acquire more shares in the company and its airlines.
Qian said he is confident about the industry though many travel agencies are facing difficulties recently, and the company believes the value of Thomas Cook brand will help Fosun in the future.
So maybe Mr Fosun is not just an ego with big pockets or big investors... maybe he read about Mike Ashley's woes? or maybe has seen Q3 ... which must not be pleasant reading!!!!
why his JTM still here ??? thought he was going to bog off and watch his favourite tv show
............its time to put on make up ... its time to dress up right
Can't be Miss Piggy - she's gone to Market !!!
To check the price of Pork
No truth in any rumour until it is denied
And ain't dat da truth anall
We already got Waldorf & statton
as I wrote, Triton for the Nordic Region.
https://e24.no/boers-og-finans/ving/oppkjoepskamp-om-ving-redningspakken-til-ving-eier-thomas-cook-utvides-med-milliardbeloep/24674663
Wing owner needs billions for rescue operation
Tourism group Thomas Cook is in deep crisis and now the size of the rescue package is being sharply increased. A Chinese tourism group and a European acquisition fund are struggling to take over key parts of the "charter giant", including Norwegian Ving.
Think we need a female MUPPET - keep the other MUPPETS entertained -
Who knows
But I’ve always thought NK is not the main player
“You would not offer more than a previously accepted offer.
AND YOU KNOW IT!”
You would if someone put a better offer in
Ok, that hurt ;-)
And I would most likely be his sister and not brother.
But no, I am in no way related to Amer
Golmansax.....joined today....Amers been a bit quiet lately....coincidence...
Maybe Amers brother?