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MarketScreener Homepage  >  Equities  >  Stock Exchange of Hong Kong  >  Fosun International Limited    0656   HK0656038673

FOSUN INTERNATIONAL LIMITED

(0656)
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End-of-day quote. End-of-day quote Stock Exchange of Hong Kong - 09/20
10.46 HKD   0.00%
09/20NEWS HIGHLIGHTS : Top Company News of the Day
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09/20NEWS HIGHLIGHTS : Top Company News of the Day
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09/20FOSUN INTERNATIONAL : Tour operator Thomas Cook in race to avoid bankruptcy
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Thomas Cook in advanced talks for additional 150 million pound capital

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08/12/2019 | 02:38am EDT

(Reuters) - Travel company Thomas Cook Plc said on Monday it was in advanced talks with noteholders for a 150 million pound cash injection, which will add to the 750 million pound rescue it was negotiating with top shareholder Fosun Tourism.

The extra cash will provide further liquidity through the coming 2019-20 winter cash low period, Thomas Cook said.

The Financial Times had first reported on the new capital injection on Friday.

In July, Fosun and Thomas Cook began negotiating a 750 million pound ($903.45 million) rescue that would give the Chinese conglomerate control of the indebted British group's package-tour business.

On Monday, Thomas Cook said it had made significant progress towards finalising the key terms of the recapitalisation with Fosun, lending banks and noteholders.

The proposed recapitalisation would involve ownership restructuring of its tour operator and airline businesses, resulting in bank debt of about 650 million pounds and bond debt of about 1.15 billion euros being converted into equity.

Existing shareholders are likely to be "significantly" diluted as a part of this recapitalisation, Thomas Cook said, adding that it expects to implement the plan in early October.

(Reporting by Sangameswaran S in Bengaluru; Editing by Shounak Dasgupta)

Stocks mentioned in the article
ChangeLast1st jan.
FOSUN INTERNATIONAL LIMITED 0.00% 10.46 End-of-day quote.-8.57%
FOSUN TOURISM GROUP End-of-day quote.
THOMAS COOK GROUP -22.78% 3.451 Delayed Quote.-88.78%
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Financials (CNY)
Sales 2019 121 B
EBIT 2019 26 591 M
Net income 2019 14 946 M
Debt 2019 71 691 M
Yield 2019 3,81%
P/E ratio 2019 5,29x
P/E ratio 2020 4,90x
EV / Sales2019 1,26x
EV / Sales2020 1,35x
Capitalization 80 842 M
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Technical analysis trends FOSUN INTERNATIONAL LIMITE
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Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 12
Average target price 14,44  CNY
Last Close Price 9,46  CNY
Spread / Highest target 80,1%
Spread / Average Target 52,6%
Spread / Lowest Target 13,6%
EPS Revisions
Managers
NameTitle
Qun Bin Wang Chief Executive Officer & Executive Director
Qi Yu Chen Co-President & Executive Director
Xiao Liang Xu Co-President & Executive Director
Guang Chang Guo Chairman
Can Wang Chief Financial Officer, Executive Director & SVP
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