The latest update is out from Fosun International ( (HK:0656) ).
Fosun International, through its indirect subsidiary Fosun Joygo, has entered into a Sale and Purchase Agreement with Hangzhou Tianyuan for the disposal of a significant equity interest in Guangzhou Taotall. Fosun Joygo plans to sell 43.9688% of its equity interest, while other shareholders, including Mr. Huang and Mr. Tang, will sell smaller portions. The transaction will be settled through the issuance of A Shares by Hangzhou Tianyuan and/or cash. This move will result in Fosun International no longer holding any equity interest in Guangzhou Taotall, potentially impacting its market positioning and stakeholder interests.
More about Fosun International
Average Trading Volume: 13,055
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $4.75B
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