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They won't - as this would be a huge loss, given the current stock price
Dan.p what if Fosun dump all their shares as the deal is no longer of any use to them?
Can see this rising this afternoon better deal on cards
“RE: Fosun TourismToday 12:46
I don't think that its a secret, that TCG is talking to other investors.
In fact there was a meeting in Greece on Friday between FOSUN, TCG and ANEX“
Where was that reported ?
In that case sounds like after the meeting Friday Fosun are not happy with a threeway...
“And if Fosun are out...will he pass the shares to ANEX or will he dump on the market and cause panic? Stocks then being suspended?”
Anything is possible in this share but it’s not how I see it at all
I don't think that its a secret, that TCG is talking to other investors.
In fact there was a meeting in Greece on Friday between FOSUN, TCG and ANEX
And if Fosun are out...will he pass the shares to ANEX or will he dump on the market and cause panic? Stocks then being suspended?
Positive to me yes.
I think Fosun are worried. They thought this was a done deal for them. Now they don’t seem so sure
That’s how I read it
I think it’s all about how you read it.
To me I think it’s a threat from Fosun to TCG
Which leads me to believe that they MAY have gone wind of TCG talking to someone
This is why going up better deal in site
Thats not correct.
ANEX has recently acquired roughly 9% and are up for more...
Fosun wanted to dilute the shares drastically. Hence this is a great move for anyone in here for long.
...is great news.
So we might have the dilution of the table and another deal move in?
Will Neset Koçkar make a bolder move now?
This could be his chance to keep TCG as a whole.
https://asia.nikkei.com/BONG KONG (NikkeiMarkets) -- 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-organization.
"Like any merger and acquisition, the acquisition of Thomas Cook involves much difficulty," Qian Jinnong said at a post-earnings news conference. "Various sides have got their own priorities. We are intensively listening and negotiating with various parties."
In July, Fosun Tourism said it is considering a proposal made by London-listed Thomas Cook in relation to potential investment and reorganization.
Under the proposal, Thomas Cook is targeting an injection of 750 million pounds ($909 million) of new money, which may comprise capital injection and new financing facilities, Fosun had said in that filing. It also mentioned that Thomas Cook's external bank and bond debt will be converted into equity.
The recapitalization would require reorganization of the ownership of Thomas Cook's tour operator and airline business, resulting in Fosun owning a controlling stake in Thomas Cook's tour operator and a minority interest in Thomas Cook's airline, the filing added.
"There are some long-term value investing principles that we will not give up though," Qian said. The company does not see Brexit impacting the negotiation process.
Fosun Tourism, part of conglomerate Fosun International, which raised $428 million in its initial public offering late last year, saw its share price fall 48.2% so far this year.
The stock rose 4.5% to HK$8.35 on Monday after reporting interim results, while the city's benchmark Hang Seng Index gained 2.2%.
Qian said the company is not 'happy' with the current share price. "It does not show our value."
Earlier Monday, the company reported it swung to net profit of 490.02 million yuan ($69.55 million) for the first half from net loss of 254.52 million yuan year-ago as revenue rose 35.9% on year to 9.06 billion yuan.
Fosun Tourism remains confident on its strong pipelines to open new resorts in the future, it said in an exchange filing. These include a resort in l' Alpe d' Huez in France, a new chalets-apartments in Grand Massif Samoëns Morillon in France and a resort located in Miches Playa Esmeralda in the Dominican Republic, which is likely to open in 2019, among others.
In addition, the company signed several contracts to open new resorts in China in the next few years, including the Club Med resorts in the Lijiang and Taicang project, the filing said.
The company is in discussion with holiday resorts in several provinces in China to provide resort management services, Qian added.
-- Benny Kungusiness/Markets/Nikkei-Markets/Fosun-Tourism-sees-much-difficulty-in-Thomas-Cook-acquisition
Performance Interpretation] Fosun Travel: may not participate in the restructuring of Thomas Cook
Article date: August 19, 2019 18:24
Fosun Tourism Culture (1992) announced its performance in the first half of this year. The sharp increase in revenue led the Group to turn losses into profit, with a net profit of 490 million yuan (the same below). Qian Jiannong, chairman and executive director of Fosun Tourism Culture, pointed out today that Fosun has been in close consultation with the old British travel group Thomas Cook, but has been ignorant of progress. He said that all parties are very active, but "any negotiation of acquisition transactions is difficult", that is, the company will adhere to its investment principles for consultation, but did not disclose the time of the agreement. He also pointed out that whether the company is involved in the restructuring is not conclusive. If it does not participate, the company will strengthen its current tourism ecosystem in other ways.
The group previously issued an announcement that its shareholding Thomas Cook will be reorganized to seek a capital injection of 750 million pounds, and Fosun intends to obtain control of its travel agency and a major minority stake in the airline.
Asked about Thomas Cook's previous poor business performance, but also engaged in the increasingly weak travel agency business in recent years, why the group intends to increase investment, Qian Jiannong said that the company is now facing geopolitical and Brexit difficulties, but its The travel agency has been established for 175 years and still believes in its brand value. As for the Thomas Cook business, he said that if the travel agency can integrate with other businesses and provide one-stop services, it is believed that the benefits will be very obvious and the prospects for the industry are also very promising. Looking up the data, as of March 31 this year, Thomas Cook recorded a pre-tax loss of 1.25 billion pounds in the first half of the year, and revenue of 3.02 billion pounds, a 208% year-on-year decline.
[Company performance] Fosun travels in the middle of the period to lose nearly 500 million
https://www.mpfinance.com/fin/instantf2.php?node=1566210594793&issue=20190819
All blue apart from 3 red, price dropping
Look at the price quotes and the price traded - looks like an obvious error that hasnow been corrected - trade reverded due wrong price ?
Just came through on Level 2 but is showing as from 08.54:55
08:54:55 9.20 -300,000 -27.60k
To Amers - this was a joke yeh . Lol
70 Million is obusene amount of money for one to win, I m happy to share it with others. I hope moderator also buys a ticket, a he's been kind to me!!
The annoying thing, when Amers give us the winning Euro Lottery numbers tonight I will have to share my jackpot with everyone else who puts those numbers down!!
And what was the 19p opening today then?
Also a time rather than a price? :-D
So sorry, if I miss lead any one. Hope some of you took profit when it was up 28% today, as I stated to bag some