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Fosun International ( (HK:0656) ) has issued an announcement.
Fosun International’s subsidiary, Yuyuan, is facilitating a capital increase for its Jewelry Fashion Group, aiming to raise up to RMB2 billion from no more than 40 investors. This strategic move involves a series of transactions that will result in a deemed disposal of equity interest, reducing Fosun’s indirect holding in the group to 91.03%. The transaction is classified as a major one under Hong Kong’s Listing Rules, necessitating shareholder approval and adherence to reporting requirements.
More about Fosun International
Average Trading Volume: 5,480,104
Technical Sentiment Signal: Buy
Current Market Cap: HK$38.05B
Learn more about 0656 stock on TipRanks’ Stock Analysis page.