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Fosun International Updates on Equity Disposal in Guangzhou Taotall

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Fosun International Updates on Equity Disposal in Guangzhou Taotall

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Fosun International ( (HK:0656) ) has provided an update.

Fosun International Limited has announced a supplemental agreement to the Sale and Purchase Agreement concerning the disposal of equity interest in Guangzhou Taotall Technology Co., Ltd. to Hangzhou Tianyuan Pet Products Co., Ltd. The supplemental agreement amends the terms of the original agreement, with the appraised value of Guangzhou Taotall set at RMB777 million. The transaction is contingent upon approvals from the shareholders and boards of both companies, as well as regulatory bodies.

More about Fosun International

Average Trading Volume: 5,137,662

Technical Sentiment Signal: Sell

Current Market Cap: HK$34.15B

See more insights into 0656 stock on TipRanks’ Stock Analysis page.

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