The collapse of Thomas Cook, an iconic UK company, is having ripple effects in Asia.
Shares in Chinese firm Fosun Tourism dropped more than 5% in early morning trade in Hong Kong. Fosun Tourism’s parent company, Fosun International, is one of China’s biggest conglomerates -- it owns all-inclusive holiday firm Club Med.
Billionaire founder Guo Guangchang is Thomas Cook’s is the largest stakeholder of Thomas Cook, according to data provider Refinitiv.
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