China's Fosun to buy remaining 22% stake in tourism unit, values it at $1.25b

China's Fosun to buy remaining 22% stake in tourism unit, values it at $1.25b

REUTERS/Bobby Yip

Chinese conglomerate Fosun International plans to take its tourism arm private, valuing the unit at HK$9.71 billion ($1.25 billion), the tourism business said in a filing with the Hong Kong stock exchange on Tuesday.