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MarketScreener Homepage  >  Equities  >  Stock Exchange of Hong Kong  >  Fosun International Limited    0656   HK0656038673

FOSUN INTERNATIONAL LIMITED (0656)
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Fosun International : ANNOUNCEMENT - CHANGE OF DIRECTORS OF FOSUN HIGH TECHNOLOGY

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11/10/2017 | 04:39pm CEST

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

ANNOUNCEMENT CHANGE OF DIRECTORS OF FOSUN HIGH TECHNOLOGY

Shanghai Fosun High Technology (Group) Co., Ltd. ("Fosun High Technology") is a wholly-owned subsidiary of Fosun International Limited (the "Company"). The recent change of directors of Fosun High Technology, namely the resignation of Mr. Guo Guangchang, the chairman of the Company and Mr. Wang Qunbin, the chief executive officer of the Company, as directors of Fosun High Technology, is at the subsidiary level of the Company only and does not involve any change of the directors of the Company.

The change of the directors of Fosun High Technology is a normal personnel change of the subsidiary of the Company. There is no change of the ultimate controlling person of the Company and its subsidiaries (the "Group"). The Group's daily management, operation and production remain normal.

Subsequent to the above mentioned change, Mr. Guo and Mr. Wang will be able to focus more on their role as directors of the Company. Both of them will continue leading the strategic planning, major projects and business opportunities promotion of the Group. Meanwhile, as the global partner model of the Group matures, the above mentioned change will also provide the next generation of management team with more and greater responsibilities.

By Order of the Board

Fosun International Limited

Guo Guangchang

Chairman

10 November 2017

As at the date of this announcement, the executive directors of the Company are Mr. Guo Guangchang, Mr. Wang Qunbin, Mr. Chen Qiyu, Mr. Xu Xiaoliang, Mr. Qin Xuetang, Mr. Wang Can, Ms. Kang Lan and Mr. Gong Ping; and the independent non-executive directors are Mr. Zhang Shengman, Mr. Zhang Huaqiao, Mr. David T. Zhang, Mr. Yang Chao and Dr. Lee Kai-Fu.

Fosun International Limited published this content on 10 November 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 10 November 2017 15:38:12 UTC.

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Financials (CNY)
Sales 2018 98 452 M
EBIT 2018 3 684 M
Net income 2018 14 692 M
Debt 2018 76 419 M
Yield 2018 3,18%
P/E ratio 2018 5,98
P/E ratio 2019 5,35
EV / Sales 2018 1,69x
EV / Sales 2019 1,61x
Capitalization 89 738 M
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Mean consensus BUY
Number of Analysts 10
Average target price 18,4  CNY
Spread / Average Target 75%
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Managers
NameTitle
Qun Bin Wang Chief Executive Officer & Executive Director
Qi Yu Chen Co-President & Executive Director
Xiao Liang Xu Co-President & Executive Director
Guang Chang Guo Chairman
Can Wang Chief Financial Officer, Executive Director & SVP
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