Jin10 Data reported on September 5 that Fosun International (00656.HK) announced on the Hong Kong Stock Exchange that its indirect subsidiary Fidelidade (as the seller) has entered into a protocol with MEIF7 (as the buyer), under which the seller agrees to sell and the buyer agrees to purchase 40% of the shares and voting rights of the target company, with a base price of €310 million. After Delivery, the seller will hold 59.86% of the shares and voting rights of the target company, which will still be a subsidiary of the company.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Fosun International: Its subsidiary Fidelidade sells 40% equity for €310 million.
Jin10 Data reported on September 5 that Fosun International (00656.HK) announced on the Hong Kong Stock Exchange that its indirect subsidiary Fidelidade (as the seller) has entered into a protocol with MEIF7 (as the buyer), under which the seller agrees to sell and the buyer agrees to purchase 40% of the shares and voting rights of the target company, with a base price of €310 million. After Delivery, the seller will hold 59.86% of the shares and voting rights of the target company, which will still be a subsidiary of the company.