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FOSUN INTERNATIONAL LIMITED

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Hong Kong says no personal data shared in vaccine deal with Fosun

07/13/2021 | 10:50pm EDT
Fosun-BioNTech COVID-19 vaccines arrive at Hong Kong airport

HONG KONG (Reuters) - Hong Kong's agreement to buy BioNTech COVID-19 vaccines from Chinese sales agent Shanghai Fosun Pharmaceutical Group Co Ltd did not include clauses for Fosun or other third parties to collect personal data, the territory's government said.

Reuters reported this week that Fosun had sent over a template, based on a contract signed with Chinese-run Hong Kong, in talks with two Taiwanese tech firms for the vaccine in which Fosun sought access to Taiwanese medical records.

Those clauses did not end up appearing in the final contract, the sources said.

Fosun is BioNTech SE's sales agent for mainland China, Hong Kong, Macau and Taiwan.

In a statement late on Tuesday, Hong Kong's government said in its contract with Fosun there are no clauses which "empower or enable Fosun or any third party to collect, access, or via any means to obtain or use the personal information of vaccinated individuals".

Hong Kong's government has always attached great importance to personal data privacy, and in the city's vaccination programme there are clear and strict guidelines and procedures for the collection and use of personal information, it added.

Fosun has not responded to requests for comment on the clauses in the template sent to Taiwan.

Fosun signed a deal on Sunday with Taiwan Semiconductor Manufacturing Co Ltd (TSMC), Taiwan contract electronics maker Foxconn and the charity of Foxconn's founder Terry Gou for a total of 10 million vaccine doses.

(Reporting by Marius Zaharia; Writing by Ben Blanchard; Editing by Simon Cameron-Moore)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
FOSUN INTERNATIONAL LIMITED 0.00% 9.46 End-of-day quote.-22.33%
FOXCONN TECHNOLOGY CO., LTD. 2.72% 68 End-of-day quote.27.34%
SHANGHAI FOSUN PHARMACEUTICAL (GROUP) CO., LTD. -0.04% 57.01 End-of-day quote.5.59%
TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED 0.34% 588 End-of-day quote.10.94%
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Analyst Recommendations on FOSUN INTERNATIONAL LIMITED
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Financials
Sales 2021 151 B 23 397 M 23 397 M
Net income 2021 11 711 M 1 813 M 1 813 M
Net Debt 2021 126 B 19 494 M 19 494 M
P/E ratio 2021 6,71x
Yield 2021 3,39%
Capitalization 78 992 M 10 147 M 12 230 M
EV / Sales 2021 1,36x
EV / Sales 2022 1,24x
Nbr of Employees 76 000
Free-Float 27,6%
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Number of Analysts 10
Last Close Price 9,46 CNY
Average target price 11,10 CNY
Spread / Average Target 17,3%
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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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