Fosun Group Plans to Transfer 5% Stake in Hainan Mining for 901 Million Yuan, Retaining Control

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Summary · why it matters

Fosun Group has put part of its stake in Hainan Mining on the trading table, marking its fifth sale of listed company assets this year to raise funds. Hainan Mining announced on the evening of October 9 that its controlling shareholder, Shanghai Fosun High Technology Group, plans to transfer 99.2255 million shares, approximately 5% of the total share capital, to Changxing Xinhua Commercial Operation, a state-owned platform in Changxing County, through a negotiated transfer at 9.08 yuan per share, with a total consideration of approximately 901 million yuan. Before this equity change, Fosun High Technology held 949 million shares of Hainan Mining, a 47.82% stake; after the transfer, its holding will drop to 849 million shares, or 42.82%, remaining the controlling shareholder, with Guo Guangchang still the actual controller. The transferee, Changxing Xinhua, is a wholly owned subsidiary of Changxing County Chengxi Construction Development Group. The transaction has been approved by the state-owned assets regulator of Changxing County, and the transferred shares will be subject to a 12-month lock-up period after registration. Fosun High Technology said the transfer is mainly based on its own operational funding needs and aims to promote collaboration between Hainan Mining and Changxing state-owned assets in the new energy industry, with no clear plans for further increases or reductions in the next 12 months.

Impact on assets 4

Biotech & Genomic Medicine▲
Fosun International Ltd
0656
± MixedCapitalrelevance

Fosun Group's fifth listed-asset sale this year to raise funds, transferring 5% of Hainan Mining for 901 million yuan.

Others▲
Hainan Mining Co Ltd
601969
± MixedCapitalrelevance

Controlling shareholder Fosun High Technology is selling a 5% stake to Changxing state-owned platform, retaining control with 42.82%.

Off-coverage companies 3

Shanghai Fosun High Technology (Group) Co., Ltd.i
Private▼ NegativeCapitalrelevance

Fosun High Technology is transferring 99.2 million Hainan Mining shares for 901 million yuan due to its own operational funding needs.

长兴县城西建设发展集团i
Private± Mixedrelevance

长兴鑫华商业运营有限公司i
Private± Mixedrelevance