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Fosun International Ltd (0656.HK)

0656.HK on Hong Kong Stock

27 Mar 2017
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HK$-0.34 (-2.83%)
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Latest Key Developments (Source: Significant Developments)

Fosun International raises stake in Portugal's BCP
Tuesday, 7 Feb 2017 08:29pm EST 

Fosun International Ltd <0656.HK>: Chiado (Luxembourg), indirect unit holds approximately 23.92% of share capital of Banco Comercial Portuguê .Total consideration under rights issue subscription amounted to approximately 374 million euro.  Full Article

Fosun International raises stake in Portugal's BCP<0656.HK>
Tuesday, 7 Feb 2017 06:32pm EST 

Fosun International Ltd <0656.HK>: Chiado (Luxembourg), indirect unit holds approximately 23.92% of share capital of Banco Comercial Portuguê .Total consideration under rights issue subscription amounted to approximately 374 million euro.  Full Article

PAREF enters into exclusivity talk with Fosun Property Holdings
Monday, 6 Feb 2017 01:03pm EST 

PAREF SA : PAREF announces it enters into exclusivity talk with Fosun Property Holdings . Fosun wants to acquire four shareholders of PAREF (APICIL, GESCO, MO1 and the Lévy-Lambert group), representing 50.01 pct of the capital and voting rights . PAREF granted Fosun Property Holdings limited a period of exclusivity .If negotiations are successful, acquisition will be followed by filing of a simplified tender offer at the unit price from 75 euros per share.  Full Article

Portugal's BCP says capital increase fully subscribed
Friday, 3 Feb 2017 12:32pm EST 

Portugal's largest listed bank Millennium bcp (Banco Comercial Portugues Sa) : Says its 1.33 billion euro share capital increase was fully subscribed. . Demand totalled 123 percent of the rights offering. . Expects that trading in the new shares on Euronext Lisbon will start as soon as possible after the expected Feb.9 registry of the capital increase. .China's Fosun - BCP's largest shareholder - sought to reinforce its stake to 30 percent from 16.7 percent via the capital increase..  Full Article

Portugal market regulator bans short-selling BCP on Friday
Thursday, 19 Jan 2017 05:05pm EST 

Portugal's securities market regulator CMVM says in a statement: Temporarily bans short-selling of shares in the country's largest listed bank, Millennium bcp after an 11.37 percent drop in their value on Thursday. . Seeks to prevent negative impact from speculative trades .Fall in BCP shares comes as highly-dilutive new rights started trading after a 1.3 billion euro rights issue..  Full Article

China Financial Services signs MOU with with Fosun Hani Securities
Tuesday, 10 Jan 2017 05:00am EST 

China Financial Services Holdings Ltd <0605.HK>: company signed a memorandum of understanding with fosun hani securities limited for strategic cooperation .Memorandum of understanding in entering into a strategic cooperation with fosun hani securities limited.  Full Article

Fosun International announces subscription order in relation to investment in Banco Comercial Português
Monday, 9 Jan 2017 05:05pm EST 

Fosun International Ltd <0656.HK> : chiado has issued a subscription order . Chiado will increase its holding in BCP's share capital up to a maximum of 30% upon completion of rights issue . subscription price per share of bcp is eur0.094 . as subscription order, letter, mou and subscription agreement were entered into within a 12 month period and were all entered into with bcp .maximum consideration for rights issue subscription is expected to be approximately eur531 million.  Full Article

Fosun International sells Ironshore Inc. to Liberty Mutual Insurance
Monday, 5 Dec 2016 08:31am EST 

Fosun International Ltd <0656.HK>: discloseable transaction in relation to the disposal of 100% of the outstanding ordinary shares of Ironshore inc. . Deal for consideration of approximately usd3 billion in cash . Subsidiaries of company, ironshore and company have entered into spa . Upon consummation of disposal, group will cease to hold any interest in ironshore . group intends to use proceeds from disposal for repayment of existing loans as well as for general corporate fund purposes . pursuant to deal purchaser has agreed to purchase target shares, which are 100% of outstanding ordinary shares of ironshore .expected that an unaudited after tax gain of approximately usd310 million will be recognized by sellers from disposal.  Full Article

BCP to continue talks with Fosun, to regroup shares
Wednesday, 28 Sep 2016 03:26am EDT 

Banco Comercial Portugues SA : Informs about exclusive negotiation with Fosun Industrial Holdings Limited <0656.HK> [nL8N1C24FU] . Says board decided to mandate the executive committee to proceed with and complete negotiations with Fosun .Says to carry out a reverse stock split without decrease of the share capital in the proportion of 75 old shares exchanged for 1 new share.  Full Article

Millennium bcp says talks with Fosun on stake in bank going well
Monday, 26 Sep 2016 11:55am EDT 

Miguel Braganca, CFO of Portugal's largest-listed bank Millennium bcp , says: Talks with China's Fosun, which offered to buy a stake of at least 16.7 percent via a dedicated capital hike, are progressing well. . "It is the board that will decide on the offer, but these negotiations with Fosun are running well," Braganca says. . "Fosun has an interesting presence in other parts of the world ... and its experience can be relevant for the banking business in various dimensions," he said. . On Sept. 14, the bank's board agreed to expand the negotiations with Fosun on its offer made on July 30, which also envisages a possible further increase of the stake to up to 30 percent. Further company coverage: [BCP.LS] (Reporting by Sergio Goncalves) ((andrei.khalip@thomsonreuters.com;)).  Full Article

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