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The latest announcement is out from Fosun International ( (HK:0656) ).
Fosun International Limited has announced the settlement of a dispute with Cainiao Smart Logistics Network Limited regarding the cancellation price of Cainiao shares held by its subsidiary, Stater Investment Holdings Limited. The agreed cancellation price is set at US$0.62 per share, totaling approximately US$349.79 million. This settlement allows Fosun to avoid protracted litigation, reduce legal costs, and maintain its reputation, enabling the company to focus on strategic priorities and business development.
The most recent analyst rating on (HK:0656) stock is a Hold 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
Fosun International Limited is a diversified conglomerate with a focus on various industries including healthcare, tourism, and finance. The company operates through its subsidiaries, providing a range of products and services aimed at enhancing the quality of life for its customers globally.
Average Trading Volume: 13,505,194
Technical Sentiment Signal: Buy
Current Market Cap: HK$42.12B
For detailed information about 0656 stock, go to TipRanks’ Stock Analysis page.