December 14, 2018, Fosun Tourism Group (hereinafter referred to as “Fosun Tourism” or “Company”) (Stock code: 1992.HK) was successfully listed on the main board of the Hong Kong Stock Exchange. CMBI acts as Joint Bookrunner and Joint Lead Manager for the IPO of Fosun Tourism Group.
Fosun Tourism Group is one of the world’s leading leisure-focused integrated tourism groups, and the largest leisure tourism resorts group worldwide. The company issued 214,200,000 new shares globally (assuming that Over-allotment Option is not exercised) at an issue price of HK$15.60 per share and raised a total of HK$3.34 billion (assuming that Over-allotment Option is not exercised).
IPO of Fosun Tourism Group has received wide attention from investors, and the cornerstone investors accounted for approximately 11.36% of the Offer Shares (assuming that Over-allotment Option is not exercised).
CMBI leveraged the parent company CMB and its close connection with high-quality investors, and the close cooperation among different departments of CMBI, including Corporate Finance, Equity Capital Markets, Equity Department, Wealth Management Department, Legal & Compliance Department, Operation Department, Settlement Department and other departments, to introduce multiple investors timely and efficiently for the Company, laid a solid foundation for the successful pricing.
The important contribution of CMBI to the IPO during issuance and sales has also been highly recognized by the management of the company.
About Fosun Tourism Group
Fosun Tourism Group is a company incorporated under laws of Cayman Islands, is one of the world’s leading leisure-focused integrated tourism groups, and the largest leisure tourism resorts group worldwide. Through the Company’s lifestyle proposition, “Everyday is Foliday,” the Company seeks to infuse concepts of tourism and leisure into everyday living, and provides tailor-made, one-stop solutions through the Company’s FOLIDAY global ecosystem.
In 2017, Fosun Tourism Group revenue reached RMB 11.8 billion, up 9.4% year-on-year; adjusted EBITDA reached RMB 750 million, up 18.4% year-on-year. As of June 30, 2018, the Company's total assets reached RMB 28.44 billion, and the net assets reached RMB 5.37 billion.
