Fosun Tourism Group Completes US$428 Million Hong Kong IPO

December 14, 2018

Shanghai and Hong Kong – Paul Hastings LLP, a leading global law firm, announced today that the firm advised Fosun Tourism Group, one of the world’s leading leisure-focused integrated tourism groups, on its spin-off from Fosun International, its US$428 million global offering and IPO on the Main Board of the Hong Kong Stock Exchange. The Paul Hastings team advised Fosun Tourism Group on Hong Kong, U.S., French laws and European Union and United Nations sanctions regulations and also coordinated with local counsel in over 20 jurisdictions. J.P. Morgan, CLSA and Citigroup acted as the joint sponsors for the listing.

Fosun Tourism Group is a spin-off of Fosun International Limited and the owner of the France-headquartered Club Med, a world-renowned provider of family-focused holiday experiences with operations in over 40 countries.

The Paul Hastings team was led by Corporate partners Jia Yan, Jason Kuo, Samuel Ng, David Revcolevschi, Nan Li and David Wang, and Litigation partner Scott Flicker, with support from Ting Wang, Yimin Tang, Jora Guo, Béatrice Dang, Claire Luan, Alex Feng, Harvey Lin, Yan Bao and Jiru Xu.

At Paul Hastings, our purpose is clear — to help our clients and people navigate new paths to growth. With a strong presence throughout Asia, Europe, Latin America, and the U.S., Paul Hastings is recognized as one of the world’s most innovative global law firms.