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Fosun International Ltd (0656.HK)

0656.HK on Hong Kong Stock

23 Jun 2017
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HK$0.16 (+1.36%)
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Latest Key Developments (Source: Significant Developments)

Gemfields says Pallinghurst may not receive necessary majority
Wednesday, 21 Jun 2017 05:24am EDT 

June 21 (Reuters) - Gemfields Plc::Independent committee believes that there is possibility that Pallinghurst will not receive necessary majority to pass ordinary resolution.  Full Article

Gemfields says terms of new Fosun Gold offer "not fair and reasonable"
Tuesday, 20 Jun 2017 08:00am EDT 

June 20 (Reuters) - Gemfields Plc ::Notes announcement issued today by Fosun Gold with respect to a firm offer.Consider that financial terms of Fosun offer are "not fair and reasonable".Independent committee believes certain cash exit on offer from Fosun Gold more attractive than unsolicited all-share nil-premium offer from pallinghurst.Agreed to pay a break fee to Fosun Gold of $2 million by way of compensation if a competing proposal becomes or is declared wholly unconditional.  Full Article

Fosun Gold offers 256 mln stg for Gemfields
Tuesday, 20 Jun 2017 08:00am EDT 

June 20 (Reuters) - Fosun International Ltd <0656.HK>:New offer at a premium of 18 percent to Gemfields's share price of 38.13 pence at close on 18 May (corrects source).Cash offer for Gemfields Plc.Offer for Gemfields to be 45 pence in cash per share, valuing Gemfields's existing issued, to be issued share capital at about 256 mln stg.Cash consideration payable by Fosun Gold under terms of Fosun offer will be funded from existing cash resources.  Full Article

Fosun Gold offers to buy Gemfields for 40.85 pence/shr
Wednesday, 14 Jun 2017 02:02am EDT 

June 14 (Reuters) - Fosun Gold Holdings Ltd::Fosun Gold confirms that it has made an initial proposal regarding a possible cash offer to acquire entire issued and to be issued ordinary share capital of Gemfields .Possible offer for Gemfields plc.Has made an initial proposal to independent committee of board of Gemfields regarding a possible cash offer to acquire entire issued share capital of Gemfields​.Offer at a price of 40.85 pence per Gemfields share​.Possible offer would provide Gemfields shareholders with a compelling cash alternative at a significant premium to Pallinghurst offer​.  Full Article

Gemfields says received takeover offer from Fosun Gold
Tuesday, 13 Jun 2017 12:46pm EDT 

June 13 (Reuters) - Gemfields Plc ::Possible competing offer and posting of offer.Possible competing offer and posting of offer document by Pallinghurst Resources Limited.Notes posting of offer document today in relation to Pallinghurst's unsolicited nil-premium offer for co.It has received an approach from, and is actively engaged in discussions with, Fosun Gold regarding a possible competing offer for co.Independent committee believes this may lead to a cash offer at a superior value to Pallinghurst's unsolicited offer.Continues to strongly advise company's shareholders to take no action in relation to Pallinghurst offer.There can be no certainty that any firm offer will be made by Fosun Gold, nor as to terms on which any firm offer will be made.  Full Article

Zhaojin Mining Industry enters into Investment Co-Operation Agreement
Friday, 9 Jun 2017 10:05am EDT 

June 9 (Reuters) - Zhaojin Mining Industry Co Ltd <1818.HK>::Co, Shanghai Fosun and Hainan Mining entered into investment co-operation agreement.Says co-operation agreement related to creation of JV company for purpose of acquisition.Deal for a consideration of about US$887 million in cash.Says jv co is owned 49.90pct, 37.37pct and 12.73pct by Hainan Mining, Shanghai Fosun and Zhaojin Mining, respectively.On May 31, Polyus Gold International agreed to sell 10pct stake of Polyus excluding treasury shares at US$70.6025/share.  Full Article

Fosun International says unit entered agreement with Polyus Gold International
Wednesday, 31 May 2017 09:40am EDT 

May 31 (Reuters) - Fosun International Ltd <0656.HK>::Agreement in relation to acquisition of ordinary shares of public joint stock company Polyus.Unit Shanghai Pingju Investment Management as purchaser entered into SPA with Polyus Gold International Limited as seller.Polyus Gold International agreed to sell sale shares at USD70.6025 per share for maximum consideration of USD887 million in cash.  Full Article

Fosun International says units and Yuyuan enter sale and purchase agreement
Thursday, 25 May 2017 10:57am EDT 

May 25 (Reuters) - Fosun International Ltd <0656.HK>:Board has approved reorganization and vendors and Yuyuan entered into sale and purchase agreement.Deal for rmb24.16 billion.Vendors to sell sale shares, which shall be settled by issue of consideration shares at issue price of rmb9.98 per consideration share.  Full Article

Fosun International progress update on completion of disposal of Ironshore Inc
Monday, 1 May 2017 06:04pm EDT 

May 2 (Reuters) - Fosun International Ltd <0656.HK>:Progress update on discloseable transaction completion of disposal of 100% of outstanding ordinary shares of ironshore inc.  Full Article

Fosun International updates on acquisition of controlling interest in Gland Pharma
Monday, 24 Apr 2017 07:09am EDT 

April 24 (Reuters) - Fosun International Ltd <0656.HK> ::Progress on acquisition of controlling interest in Gland Pharma Limited.Termination date was extended to 27 april 2017 in accordance with share purchase agreement.Fosun Pharma, buyer, KKR, founder shareholders & target co entered into amendment agreement to extend termination date.  Full Article

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China's Fosun International says operating normally

HONG KONG, June 22 Fosun International said it was operating normally, after media reported China's banking regulator had ordered a group of commercial banks to assess their exposure to offshore purchases by some acquisitive Chinese firms, including Fosun.