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Great Scenic Area Author of this article: Zhihui 2020-03-22
Fosun Tourism Culture Group issued an announcement on the 22nd,Successfully issued Debon Haitong-Fosun Tourism-Sanya Atlantis Asset Support Special Plan,The total fundraising scale reaches RMB 70.0.1 billion yuan。
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Fosun Tourism Culture Group (01992.HK) (referred to as "Fosun Tourism") announced on the 22nd,Successfully issued Debon Haitong-Fosun Tourism-Sanya Atlantis Asset Support Special Plan,The total fundraising scale reaches RMB 70.0.1 billion yuan。This special plan will complete Commercial Mortgage Backed Securities in accordance with the relevant regulations of the Shanghai Stock Exchange,"CMBS") registration and listing transfer procedures。

It is reported,Fosun Tourism obtained a no-objection letter from the Shanghai Stock Exchange on November 15, 2019,Permission to use the hotel and water park properties of Atlantis Sanya as collateral,Pledge 100% of the equity of 188bet online sports betting Hainan Atlantis Business Travel Development Co., Ltd., the company to which Atlantis Sanya belongs, and the operating income and accounts receivable of Atlantis Sanya,Issue CMBS。Fosun Tourism was able to buck the trend and complete the issuance of such a large-scale fundraising product during the epidemic,Fully reflects its strong capital operation capabilities,It also reflects investors’ confidence in the long-term and stable operation of Fosun Tourism and its tourist destination business Atlantis Sanya。

The government emphasized this when the Hainan Free Trade Zone was first established,Should be under controllable risks,Gradually liberalize financial business restrictions,Promote business innovation of financial institutions。The issuance of this special plan coincides with the second anniversary of the establishment of Hainan Free Trade Zone,It is a new attempt at financial reform and innovation in Hainan Free Trade Zone,In the future, it will also benefit from the further deepening of the reform of the Hainan Free Trade Zone and the advancement of the construction of Hainan International Tourism Island。At the same time, it is the first tourist destination in the country CMBS,It also provides new exploration for the 188bet sports betting app download operation model of tourist destinations。

Atlantis Sanya is Fosun Tourism’s first tourist destination project,Having attracted much attention since its official opening in April 2018,In 2019, its turnover reached RMB 13.100 million yuan,Annual visitor flow reaches 5.2 million。The Atlantis Sanya project won the "National Quality Engineering Award-Luban Award", the highest recognized award in the Chinese construction industry in 2019。Now this project has become a famous internet celebrity check-in resort in Hainan,The number of user-generated content themed on Atlantis Sanya on Douyin has exceeded 1.8 billion。

According to announcement,Approximately RMB 2.9 billion of the funds raised will be used to repay Atlantis Sanya’s existing bank loans,Other funds will be used for group business development。

Qian Jiannong, Chairman of Fosun Tourism, just said at the annual results conference a few days ago: "Currently our cash flow is relatively abundant,Cash and cash equivalents by the end of 2019 were approximately RMB 2.1 billion,The bank credit line still has RMB 2.5 billion unused,Further financial control measures are also planned。" Just as he finished speaking, he successfully completed 70.Issuance of 0.1 billion 188bet online sports betting CMBS。This allows Fosun Tourism to have sufficient funds to develop its business and seize potential opportunities after the epidemic,Reduce risks while helping to seize various industry opportunities,Achieve extraordinary development。

Fosun Tourism achieved revenue of RMB 173 in 2019.400 million yuan,Net profit attributable to shareholders 6.100 million yuan,97 year-on-year increase.4%。The group was established less than four years ago,has become the leader in the global resort business and quickly ranked among the top 20 Chinese tourism companies,Its strong global industrial operation and capital operation capabilities provide a broad imagination for its future development。

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