China's Fosun Tourism Group said on Friday it is in advanced talks with Thomas Cook Group PLC's lending banks to inject 750 million pounds (940 million U.S. dollars) into the London-listed travel operator.

Under consideration is a capital injection and new financing facilities, Fosun Tourism said in a filing to the Hong Kong stock exchange.

Fosun said the recapitalization would entail a reshuffle of the ownership of Thomas Cook's Tour Operator and Airline business, resulting in the Chinese firm owning a controlling stake in Thomas Cook's Tour Operator and a significant minority interest in Thomas Cook's Airline.

Fosun on Friday said its proposal envisages a significant amount of Thomas Cook's external bank and bond debt will be converted into equity, and that existing Thomas Cook shareholders will have their stakes significantly diluted as a result of the recapitalization.

The proposal is subject to due diligence and further discussion, among other things, Fosun said.