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The latest announcement is out from Fosun International ( (HK:0656) ).
Fosun International has announced a discloseable transaction involving its subsidiaries, Fidelidade – Property Europe, S.A., and others, entering into a Promissory Sale and Purchase Agreement with Banco de Portugal. This agreement involves the sale of future units, including basement carparks, of buildings A2 and A3 of the Entrecampos Project in Lisbon, Portugal, for a base consideration of EUR191,990,000. The transaction is significant as it exceeds 5% of applicable percentage ratios, making it a discloseable transaction under the Listing Rules, and highlights Fosun International’s strategic move in the real estate market.
More about Fosun International
YTD Price Performance: -8.73%
Average Trading Volume: 880
Technical Sentiment Signal: Strong Buy
Current Market Cap: $4.42B
See more data about 0656 stock on TipRanks’ Stock Analysis page.