Grand Court of the Cayman Islands sanctioned the Fosun Tourism Group's (HKG:1992) plan to buy back shares via a scheme of arrangement, making the proposal effective as of March 14, according to a Monday filing with the Hong Kong bourse.

The company will delist from the Hong Kong Stock Exchange at 4:00 p.m. on March 19. Shareholders will receive payments by March 25. The move aligns with the company's strategic restructuring efforts.

Price (HKD): $7.75, Change: $+0.040, Percent Change: +0.52%