Fosun obtains approval to spin off tourism unit including Club Med

Fosun obtains approval to spin off tourism unit including Club Med

A Club Med resort. Fosun became a majority shareholder in Club Med in 2010. Photo: Fosun website

Fosun International Ltd. received approval from the Hong Kong stock exchange to spin off its tourism and hotels unit that includes Club Med SAS, as the Chinese conglomerate seeks to expand its travel business globally.

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