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Fosun International Ltd (0656.HK)

0656.HK on Hong Kong Stock

11.72HKD
29 Mar 2017
Change (% chg)

HK$0.24 (+2.09%)
Prev Close
HK$11.48
Open
HK$11.74
Day's High
HK$11.92
Day's Low
HK$11.36
Volume
59,348,371
Avg. Vol
9,961,176
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HK$12.78
52-wk Low
HK$9.50

Latest Key Developments (Source: Significant Developments)

Fosun International says Ding Guoqi has resigned as Executive Director
Tuesday, 28 Mar 2017 11:19am EDT 

Fosun International Ltd <0656.HK>: Ding guoqi has resigned as an executive director and senior vice president . Wang qunbin, an executive director of company, has been re-designated as chief executive officer . Liang xinjun has resigned as an executive director, vice chairman, chief executive officer . Wang can has been appointed as an executive director and senior vice president of company . Gong ping has been appointed as an executive director and senior vice president of company . Xu xiaoliang, an executive director of company, has been appointed as co-president of company with effect from 28 march 2017 . Kang lan has been appointed as an executive director and senior vice president of company .Chen qiyu, executive director of company, has been appointed as co- president of company.  Full Article

Fosun International posts FY net profit of RMB10.27 bln vs RMB8.04 bln
Tuesday, 28 Mar 2017 11:14am EDT 

Fosun International Ltd <0656.HK>: FY net profit RMB 10,268.2 million versus rmb 8,038.3 million . Fy revenue RMB 73,966.6 million versus rmb 78,796.9 million .Recommend payment of a final dividend of hkd0.21 per ordinary share.  Full Article

Aviva looks to sell Friends Provident International for up to $750 mln- WSJ, citing sources
Tuesday, 28 Mar 2017 01:29am EDT 

: UK's Aviva looks to sell Friends Provident International for up to $750 million - WSJ, citing sources .Potential buyers for the unit include China's Fosun - WSJ, citing sources.  Full Article

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

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ASIA CREDIT CLOSE: Credit stays constructive, while Fosun gets volatile

HONG KONG, March 29 (IFR) - Asian credit markets continued on a constructive path on Wednesday, though there was volatility in Fosun International's notes following surprising news of a management reshuffle at the Chinese conglomerate.