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    656   HK0656038673

FOSUN INTERNATIONAL LIMITED

(656)
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Fosun International Limited commences an Equity Buyback for 836,590,642 shares, representing 10% of its issued share capital, under the authorization approved on June 3, 2021.

07/06/2021 | 08:14am EDT

Fosun International Limited (SEHK:656) commences share repurchases on July 6, 2021, under the program mandated by the shareholders in the Annual General Meeting held on June 3, 2021. As per the mandate, the company is authorized to repurchase up to 836,590,642 shares, representing 10% of its issued share capital. The purpose of repurchase program is to enhance the net asset value per share and earnings per share. The repurchases will be made out of funds which are legally available for the purpose in accordance with its articles of association, the companies ordinance and/or any other applicable laws and regulations in Hong Kong. The authority shall expire at the earliest of the next Annual General Meeting, the date on which the next Annual General Meeting is required to be held or the date on which the authority is varied or revoked in a General Meeting. As of June 3, 2021, the company has 8,365,906,424 shares in issue.


ę S&P Capital IQ 2021
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Analyst Recommendations on FOSUN INTERNATIONAL LIMITED
More recommendations
Financials
Sales 2021 151 B 23 374 M 23 374 M
Net income 2021 11 711 M 1 811 M 1 811 M
Net Debt 2021 126 B 19 475 M 19 475 M
P/E ratio 2021 6,65x
Yield 2021 3,42%
Capitalization 78 273 M 10 052 M 12 106 M
EV / Sales 2021 1,35x
EV / Sales 2022 1,24x
Nbr of Employees 76 000
Free-Float 27,6%
Chart FOSUN INTERNATIONAL LIMITED
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Fosun International Limited Technical Analysis Chart | 656 | HK0656038673 | MarketScreener
Technical analysis trends FOSUN INTERNATIONAL LIMITED
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 10
Last Close Price 9,37 CNY
Average target price 11,10 CNY
Spread / Average Target 18,4%
EPS Revisions
Managers and Directors
Qi Yu Chen Co-Chief Executive Officer & Executive Director
Xiao Liang Xu Co-Chief Executive Officer & Executive Director
Ping Gong Chief Financial Officer & Executive Director
Hou Lin Zhang Co-Chief Financial Officer & Senior Vice President
Li Gang Zhang Co-CFO & GM-Financial Management
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