The Chinese group Fosun, which holds several ventures in Portugal, has announced this Thursday the creation of a branch for tourism, and has subsequently requested its listing in the Hong Kong stock exchange.
In a statement sent to the Hong Kong stock exchange, the group informs that it has received approval from the regulators to create a new branch, and that it has started the process to be traded publicly on the stock market, a decision that does not depend upon its shareholders.
The company, with headquarters in Shanghai, has multiple investments in the health, tourism, fashion, real estate and banking sectors.
In Portugal, the group already holds the insurance company Fidelidade, the private clinics Luz Saúde, the biggest position in the bank Millennium BCP and around 5% of REN, an energy company.
Its new branch, named Fosun Tourism and Culture Group (FTC), has been established from a division in the company dedicated to “offering the customers tourism and leisure experiences” and “is committed above all to the development, management and offering of travel and entertainment products, as well as other cultural services”, reads the statement.
The branch will also manage and operate hotels, resorts and tourist destinations.