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An update from Fosun International ( (HK:0656) ) is now available.
Fosun International’s subsidiary, Hainan Mining, has entered into a Capital Increase Agreement with Fengrui Fluorine and its existing shareholders. Hainan Mining will invest RMB300 million to acquire a 15.7895% stake in Fengrui Fluorine, enhancing Fosun’s portfolio in the mining sector. This transaction is classified as a discloseable transaction under the Hong Kong Listing Rules, requiring notification and announcement due to the applicable percentage ratios. The agreement includes shareholder rights and profit guarantees, with implications for Fosun’s strategic positioning and potential growth in the fluorine industry.
More about Fosun International
YTD Price Performance: 22.79%
Average Trading Volume: 11,044,852
Technical Sentiment Signal: Buy
Current Market Cap: HK$45.21B
Find detailed analytics on 0656 stock on TipRanks’ Stock Analysis page.
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