Fosun International (HK:0656) has released an update.
Fosun International announces its indirect subsidiary, Yuhai, has agreed to sell almost all of its shares in Kabushiki Kaisha Shinsetsu to YCH16 for a sum of JPY 40.8 billion, subject to adjustments. This major transaction will result in Shinsetsu no longer being a subsidiary of Fosun, marking a significant change in the company’s portfolio. The deal is classified as a discloseable transaction, adhering to the Hong Kong Stock Exchange’s notification and announcement requirements due to its size.
For further insights into HK:0656 stock, check out TipRanks’ Stock Analysis page.