BRIEF-Fosun International Says Has Not Bought Further Interest In Thomas Cook After June 30

BRIEF-Fosun International Says Has Not Bought Further Interest In Thomas Cook After June 30
Image Credit: Twitter (@SkyNews)
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Fosun International Ltd: * UPDATES ON RECENT MARKET SPECULATION

* APPLICATION FOR COMPULSORY LIQUIDATION OF THOMAS COOK HAS LIMITED FINANCIAL IMPACT TO GROUP * GROUP HAS NOT ACQUIRED ANY FURTHER INTEREST IN THOMAS COOK AFTER 30 JUNE 2019

* AS AT 30 JUNE , GROUP HELD ABOUT 18.6% EQUITY INTERESTS IN THOMAS COOK AND CARRYING AMOUNT WAS APPROXIMATELY RMB327 MILLION * SAYS GROUP NEVER PROVIDED GUARANTEE TO THOMAS COOK AND HAS NOT MADE ANY INVESTMENT OVER POSSIBLE RECAPITALIZATION OF THOMAS COOK Source text for Eikon: Further company coverage:

Also Read: EXPLAINER-Thomas Cook collapses: What next and why?

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