The cancellation price is HK$7.8 ($1.34) per share, representing a premium of about 95% to its last closing price on Nov 26, the day before trading was suspended.
Fosun Tourism Group shares saw their biggest jump on record in Hong Kong, after the owner of luxury resort chain Club Med offered to buy back shares from minority holders as it seeks to boost growth as a private company.
Share prices surged as much as 83% after Fosun Tourism resumed trading on Wednesday. The firm proposed to buy back the remaining shares that Fosun Group doesn’t own and withdraw from its public listing in Hong Kong, according to an exchange filing on Tuesday that confirmed an earlier Bloomberg News report.
