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Fosun International Ltd (0656.HK)

0656.HK on Hong Kong Stock

13.04HKD
17 Aug 2018
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Latest Key Developments (Source: Significant Developments)

Shanghai Fosun Pharmaceutical Group to pay cash dividend of 0.38 yuan per share on Aug. 3
Friday, 27 Jul 2018 

July 27 (Reuters) - Shanghai Fosun Pharmaceutical Group Co Ltd <600196.SS>:Says it will pay a cash dividend of 0.38 yuan per share (before tax) for 2017 to shareholders of record on Aug. 2.The company's shares will be traded ex-right and ex-dividend on Aug. 3 and the dividend will be paid on Aug. 3 .  Full Article

Fosun Considers Takeover Of $10 Bln-Insurer Ageas- Bloomberg
Tuesday, 24 Jul 2018 

July 24 (Reuters) - :FOSUN CONSIDERS TAKEOVER OF $10 BILLION-INSURER AGEAS- BLOOMBERG, CITING SOURCES.  Full Article

Fosun's Unit Is Said To Consider $500 Mln India IPO Of Gland Pharma-Bloomberg
Thursday, 19 Jul 2018 

July 19 (Reuters) - :FOSUN IS SAID TO CONSIDER $500 MILLION INDIA IPO OF GLAND PHARMA-BLOOMBERG, CITING SOURCES.  Full Article

Shanghai Fosun Pharmaceutical Group unit receives approval for drug clinical trial
Thursday, 12 Jul 2018 

July 12(Reuters) - Shanghai Fosun Pharmaceutical Group Co Ltd <600196.SS>:Says its Jiangsu-based biomedical unit received approval for drug clinical trial for a kind of tablet, from China Food and Drug Administration.  Full Article

Fosun International's Unit To Buy Yuanhong Investment For RMB4 Bln
Wednesday, 4 Jul 2018 

July 4 (Reuters) - Fosun International Ltd <0656.HK>::ANNOUNCES ACQUISITION OF YUANHONG INVESTMENT.FOSUN VENTURE CAPITAL TO ACQUIRE EQUITY INTEREST & CREDITOR'S RIGHTS FOR A LOAN OF RMB3.99 BILLION IN YUANHONG INVESTMENT.DEAL FOR RMB4.00 BILLION.YUANHONG INVESTMENT TO BE BOUGHT FROM CHAIRMAN AND ULTIMATE CONTROLLING SHAREHOLDER OF COMPANY, GUO GUANGCHANG.CONSIDERATION TO BE PAID IN CASH AND SATISFIED BY SELF-FUNDED RESOURCES OF GROUP.  Full Article

Shanghai Fosun Pharmaceutical Group unit receives GMP certificate
Wednesday, 27 Jun 2018 

June 27(Reuters) - Shanghai Fosun Pharmaceutical Group Co Ltd <600196.SS>:Says unit received goods manufacture practice (GMP) certificate from Sichuan Food and Drug Administration.Certificate issued to powder-injection manufactured by the unit and the valid period is until May 20, 2023.  Full Article

Fortune Fountain Capital completes acquisition of majority of France's Baccarat
Thursday, 21 Jun 2018 

June 21 (Reuters) - Baccarat SA ::* Completed the acquisition of 88.8% of the share capital of French luxury goods brand Baccarat from affiliates of Starwood Capital Group and L Catterton.* Asian financial group Fortune Fountain Capital (FFC) acquired the shares from the Starwood Capital and L Catterton affiliates at a price of €222.7 per share, for around €164m .* FFC does not intend to have Baccarat delisted from Euronext Paris .* Latest example of Chinese group buying up French luxury brand, with Fosun <0656.HK> striking a deal earlier this year to buy French haute couture label Lanvin.  Full Article

Fortis Healthcare Invites Munjal-Burman, TPG-Manipal, IHH To Participate In Fresh Bidding
Tuesday, 29 May 2018 

May 29 (Reuters) - Fortis Healthcare Ltd ::INVITES INTERESTED PARTIES TO SUBMIT FRESH PROPOSALS IN RELATION TO BID PROCESS.DECIDED TO INVITE 3 OF BIDDERS NAMELY MUNJAL-BURMAN CONSORTIUM, TPG-MANIPAL CONSORTIUM, IHH HEALTHCARE TO PARTICIPATE IN PROCESS.OTHER INTERESTED PARTIES INVITED TO SUBMIT EXPRESSION OF INTEREST NO LATER THAN 5 P.M. IST ON 31ST MAY 2018.BIDDERS WILL BE PROVIDED 10 DAYS FOR FINANCIAL AND LEGAL DUE DILIGENCE.CO APPOINTED STANDARD CHARTERED BANK AND ARPWOOD CAPITAL AS FINANCIAL ADVISORS TO THE TRANSACTION.SAYS CO APPOINTED CYRIL AMARCHAND MANGALDAS AND VAISH ASSOCIATES AS LEGAL ADVISORS.BINDING BIDS TO BE SUBMITTED BY BIDDERS SHOULD MAKE MINIMUM INVESTMENT OF INR 15 BILLION INTO FHL BY WAY OF PREFERENTIAL ALLOTMENT.BINDING BIDS SHALL HAVE PLAN FOR FUNDING OF RHT HEALTH TRUST ACQUISITION, HAVING LONG STOP DATE OF SEPTEMBER 30.BINDING BIDS SHALL HAVE PLAN FOR PROVIDING EXIT TO PRIVATE EQUITY INVESTORS OF SRL.BINDING BIDS TO BE SUBMITTED BY BIDDERS SHALL INCLUDE PLANS FOR RETENTION OF CURRENT MANAGEMENT AND EMPLOYEES.BINDING BIDS TO INCLUDE SOURCES OF FUNDS TO FINANCE THE TRANSACTION, INCLUDING FIRM COMMITMENT LETTER FROM LENDERS.  Full Article

Compagnie Des Alpes says plan to sell stake to investors still on the agenda
Thursday, 24 May 2018 

May 24 (Reuters) - Compagnie Des Alpes Chairman and CEO Dominique Marcel tells a conference call::PLAN TO SELL STAKE TO POTENTIAL INVESTORS TO ACCELERATE EXPANSION STILL ON THE AGENDA, POTENTIAL BUYERS STILL INTERESTED.SAYS WILL NOT COMMIT TO A TIMETABLE BUT CONFIDENT AS COMPAGNIE DE ALPES ATTRACTING "A LOT OF INTEREST" .Source text for Eikon: [ID:].  Full Article

Xinjiang Xintai Natural Gas' Acquisition target AAG Energy In Discussion With Fosun
Thursday, 24 May 2018 

May 24 (Reuters) - Xinjiang Xintai Natural Gas Co Ltd <603393.SS>::SAYS BOARD HAS APPROVED HONG KONG UNIT TO ACQUIRE UP TO 50.5 PERCENT STAKE IN AAG ENERGY <<<2686.HK>>> ON MAY 11.SAYS AAG ENERGY IS IN DISCUSSIONS WITH FOSUN GROUP REGARDING POTENTIAL CASH OFFER TO BUY MAJORITY PART OF ITS SHARES BY FOSUN'S <<<0656.HK>>> UNIT TRANSCENDENT RESOURCES.  Full Article

EU mergers and takeovers (Aug 17)

BRUSSELS, Aug 17 The following are mergers under review by the European Commission and a brief guide to the EU merger process: