Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Fosun International ( (HK:0656) ) has shared an update.
Fosun International’s indirect subsidiary, Fidelidade, has entered into an agreement to sell 40% of its shares and voting rights in Luz Saúde, S.A. to MEIF 7 for EUR310 million. Despite the sale, Fidelidade will retain a 59.86% stake, ensuring Luz Saúde remains a subsidiary. This transaction is classified as a discloseable transaction under Hong Kong’s Listing Rules, requiring notification and announcement. The sale price was determined through negotiations considering Luz Saúde’s future development, financial performance, and strategic benefits.
The most recent analyst rating on (HK:0656) stock is a Buy with a HK$6.50 price target. To see the full list of analyst forecasts on Fosun International stock, see the HK:0656 Stock Forecast page.
More about Fosun International
Average Trading Volume: 13,498,481
Technical Sentiment Signal: Buy
Current Market Cap: HK$42.44B
Learn more about 0656 stock on TipRanks’ Stock Analysis page.