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BRIEF-Fosun International to sell units to Shanghai Yuyuan Tourist Mart for RMB24.23 bln
November 20, 2017 / 2:58 PM / 21 days ago

BRIEF-Fosun International to sell units to Shanghai Yuyuan Tourist Mart for RMB24.23 bln

Nov 20 (Reuters) - Fosun International Ltd

* Shanghai Yuyuan Tourist Mart and vendors to terminate deal in relation to disposal of 28 target cos from vendors​

* Under new agreement, Yuyuan to buy sale shares at RMB24.23 billion to be settled by issue of shares to vendors at RMB9.98 per share

* Upon completion, co will hold about 69.73 percent of equity interest in Yuyuan Source text for Eikon: Further company coverage: (bangalore.newsroom@thomsonreuters.com)

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