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India

Fosun International Ltd (0656.HK)

0656.HK on Hong Kong Stock

15.92HKD
19 Jun 2018
Change (% chg)

HK$-0.74 (-4.44%)
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Latest Key Developments (Source: Significant Developments)

Fortis Healthcare Invites Munjal-Burman, TPG-Manipal, IHH To Participate In Fresh Bidding
Tuesday, 29 May 2018 

May 29 (Reuters) - Fortis Healthcare Ltd ::INVITES INTERESTED PARTIES TO SUBMIT FRESH PROPOSALS IN RELATION TO BID PROCESS.DECIDED TO INVITE 3 OF BIDDERS NAMELY MUNJAL-BURMAN CONSORTIUM, TPG-MANIPAL CONSORTIUM, IHH HEALTHCARE TO PARTICIPATE IN PROCESS.OTHER INTERESTED PARTIES INVITED TO SUBMIT EXPRESSION OF INTEREST NO LATER THAN 5 P.M. IST ON 31ST MAY 2018.BIDDERS WILL BE PROVIDED 10 DAYS FOR FINANCIAL AND LEGAL DUE DILIGENCE.CO APPOINTED STANDARD CHARTERED BANK AND ARPWOOD CAPITAL AS FINANCIAL ADVISORS TO THE TRANSACTION.SAYS CO APPOINTED CYRIL AMARCHAND MANGALDAS AND VAISH ASSOCIATES AS LEGAL ADVISORS.BINDING BIDS TO BE SUBMITTED BY BIDDERS SHOULD MAKE MINIMUM INVESTMENT OF INR 15 BILLION INTO FHL BY WAY OF PREFERENTIAL ALLOTMENT.BINDING BIDS SHALL HAVE PLAN FOR FUNDING OF RHT HEALTH TRUST ACQUISITION, HAVING LONG STOP DATE OF SEPTEMBER 30.BINDING BIDS SHALL HAVE PLAN FOR PROVIDING EXIT TO PRIVATE EQUITY INVESTORS OF SRL.BINDING BIDS TO BE SUBMITTED BY BIDDERS SHALL INCLUDE PLANS FOR RETENTION OF CURRENT MANAGEMENT AND EMPLOYEES.BINDING BIDS TO INCLUDE SOURCES OF FUNDS TO FINANCE THE TRANSACTION, INCLUDING FIRM COMMITMENT LETTER FROM LENDERS.  Full Article

Compagnie Des Alpes says plan to sell stake to investors still on the agenda
Thursday, 24 May 2018 

May 24 (Reuters) - Compagnie Des Alpes Chairman and CEO Dominique Marcel tells a conference call::PLAN TO SELL STAKE TO POTENTIAL INVESTORS TO ACCELERATE EXPANSION STILL ON THE AGENDA, POTENTIAL BUYERS STILL INTERESTED.SAYS WILL NOT COMMIT TO A TIMETABLE BUT CONFIDENT AS COMPAGNIE DE ALPES ATTRACTING "A LOT OF INTEREST" .Source text for Eikon: [ID:].  Full Article

Xinjiang Xintai Natural Gas' Acquisition target AAG Energy In Discussion With Fosun
Thursday, 24 May 2018 

May 24 (Reuters) - Xinjiang Xintai Natural Gas Co Ltd <603393.SS>::SAYS BOARD HAS APPROVED HONG KONG UNIT TO ACQUIRE UP TO 50.5 PERCENT STAKE IN AAG ENERGY <<<2686.HK>>> ON MAY 11.SAYS AAG ENERGY IS IN DISCUSSIONS WITH FOSUN GROUP REGARDING POTENTIAL CASH OFFER TO BUY MAJORITY PART OF ITS SHARES BY FOSUN'S <<<0656.HK>>> UNIT TRANSCENDENT RESOURCES.  Full Article

Transcendent Resources Updates On A Potential Offer To Acquire Shares In AAG Energy
Wednesday, 23 May 2018 

May 23 (Reuters) - TRANSCENDENT RESOURCES LIMITED::IS IN DISCUSSIONS WITH AAG ENERGY HOLDINGS REGARDING POTENTIAL CASH OFFER TO BUY STAKE IN AAG ENERGY.  Full Article

Buru Energy Says Roc Oil To Buy 50 Pct Stake In Ungani Production Licences L20 & L21
Monday, 21 May 2018 

May 21 (Reuters) - Buru Energy Ltd ::ROC OIL TO BUY 50% STAKE IN UNGANI PRODUCTION LICENCES L20 & L21 ( UNGANI OILFIELD) FOR TOTAL CASH PAYMENT OF $64 MILLION.ROC OIL TO ACQUIRE A 50% INTEREST IN EXPLORATION PERMITS EP 391, EP 428 AND EP 436 BY PAYING $20 MILLION.CO WILL REMAIN AS OPERATOR OF UNGANI OILFIELD, PERMITS AND UNCONVENTIONAL GAS ASSETS.  Full Article

Fosun International Notes Reports On Folli Follie
Thursday, 17 May 2018 

May 17 (Reuters) - Fosun International Ltd <0656.HK>::FOSUN INTERNATIONAL -ON 4 MAY NOTED REPORTS ON FOLLI FOLLIE AND CLARIFICATION ANNOUNCEMENTS ISSUED BY FOLLI FOLLIE.FOSUN INTERNATIONAL LTD - HAS DELIVERED ENQUIRY LETTER TO FOLLI FOLLIE REQUESTING RELEVANT PARTIES FOR EXPLANATIONS AND PROMPT CLARIFICATIONS.FOSUN INTERNATIONAL-AFTER CONSIDERING FOLLI FOLLIE'S PUBLICLY DISCLOSED INFORMATION CO LIFTS STAKE DURING 8 MAY TO 11 MAY FROM 13.89% TO 16.37%.  Full Article

Shanghai Fosun Pharmaceutical Group unit receives GMP certificate
Wednesday, 9 May 2018 

May 9 (Reuters) - Shanghai Fosun Pharmaceutical Group Co Ltd <600196.SS>:Says its pharmaceutical institute unit received goods manufacture practice (GMP) certificate from Chongqing Food and Drug Administration .Certificate issued to iron sucrose manufactured by the unit and the valid period is until April 19, 2023 .  Full Article

BCP: Shareholders Propose To Appoint Nuno Amado As Chairman And Miguel Maya As CEO
Tuesday, 8 May 2018 

May 8 (Reuters) - Banco Comercial Portugues SA ::SAID ON TUESDAY SHAREHOLDERS CHIADO (LUXEMBOURG), SONANGOL AND PENSION FUND OF THE EDP GROUP PROPOSE TO APPOINT NUNO MANUEL DA SILVA AMADO AS CHAIRMAN AND MIGUEL MAYA DIAS PINHEIRO AS CEO.  Full Article

Hainan Mining to fully acquire international trade firm
Monday, 30 Apr 2018 

April 30(Reuters) - Hainan Mining Co Ltd <601969.SS>:Says it plans to acquire remaining 30 percent stake in Hainan-based international trade firm (target firm), at the price of 30 million yuan.Says it will hold 100 percent stake in target firm, up from 70 percent .  Full Article

Fortis Healthcare Says Received Unsolicited Non-Binding Expression Of Interest From Radiant Life Care
Friday, 20 Apr 2018 

April 19 (Reuters) - Fortis Healthcare Ltd ::FORTIS HEALTHCARE - RECEIVED UNSOLICITED NON-BINDING EXPRESSION OF INTEREST FROM RADIANT LIFE CARE PRIVATE WITH PROPOSAL FOR MAKING INVESTMENT.FORTIS HEALTHCARE - UNSOLICITED EXPRESSION OF INTEREST FROM RADIANT LIFE CARE WITH PROPOSAL FOR MAKING INVESTMENT AND/OR RE-STRUCTURING THE COMPANY.FORTIS HEALTHCARE LTD- RADIANT LIFE CARE PRIVATE LTD OFFER INCLUDES DEMERGER OF HOSPITAL BUSINESSES FROM CO, INTO "NEWCO" EXCLUDING CO'S STAKE IN SRL.FORTIS HEALTHCARE LTD- RADIANT LIFE CARE PRIVATE LTD OFFER INCLUDES ALL CASH OFFER TO SHAREHOLDERS OF NEWCO AT A PRICE OF RS 165 PER SHARE.FORTIS HEALTHCARE LTD- RADIANT LIFE CARE PRIVATE LTD OFFER INCLUDES ALL CASH OFFER TO SHAREHOLDERS OF NEWCO AT NET VALUE OF RS 126 PER SHARE OF NEWCO.  Full Article

Factbox: Chinese investments in German companies

FRANKFURT China's Ningbo Jifeng Auto Parts has made an approach to buy control of German rival Grammer at a time when Chinese takeovers face increased scrutiny from European authorities eager to protect domestic know-how.