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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 : APPOINTMENT OF CHIEF GROWTH OFFICER AND CHANGE OF CHIEF FINANCIAL OFFICER

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04/22/2019 | 06:28am EDT

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.

APPOINTMENT OF CHIEF GROWTH OFFICER

AND

CHANGE OF CHIEF FINANCIAL OFFICER

The board of directors (the "Board") of Fosun International Limited (the "Company", with its subsidiaries (the "Group")) is pleased to announce that Mr. Wang Can ("Mr. Wang") has been appointed as Chief Growth Officer of the Company ("CGO") and ceases to be Chief Financial Officer of the Company ("CFO"). Mr. Xue Linnan ("Mr. Xue") has been appointed as CFO. The above changes took effect from 18 April 2019.

The New Position CGO

Mr. Wang, aged 39, is an executive director and senior vice president of the Company. Mr. Wang joined the Group in 2012. As the newly-appointed CGO, Mr. Wang will be responsible for coordinating and deploying all of Fosun's resources and global partners to facilitate the Group's core operating capabilities, enhancing products, brands, sales and marketing and creating smart mid-offices within the C2M ecosystem of Fosun. He is also responsible for the growth of customers, revenues and enterprise value of the C2M ecosystem of Fosun.

The Newly-appointed CFO

Mr. Xue, aged 46, is a senior assistant president of the Group. Mr. Xue joined the Group in 2013 and served as the general manager of Audit Department and Customer Service and Product Quality Supervision Department of the Group. Prior to joining the Group, Mr. Xue served in Arthur Andersen, Snap-on, KPMG, Briggs & Stratton and AEI - Huatong. Mr. Xue is an American Certified Public Accountant (CPA) and a Certified Internal Auditor (CIA). Mr. Xue graduated from Renmin University of China in 1997 and received a master's degree in economics from Boston University in 2001.

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By Order of the Board

Fosun International Limited

Guo Guangchang

Chairman

18 April 2019

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 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.

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Disclaimer

Fosun International Limited published this content on 22 April 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 22 April 2019 10:27:02 UTC

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Financials (CNY)
Sales 2019 120 B
EBIT 2019 26 720 M
Net income 2019 14 712 M
Debt 2019 81 785 M
Yield 2019 3,99%
P/E ratio 2019 5,16x
P/E ratio 2020 4,77x
EV / Sales2019 1,32x
EV / Sales2020 1,25x
Capitalization 77 492 M
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Mean consensus BUY
Number of Analysts 13
Average target price 14,03  CNY
Last Close Price 9,08  CNY
Spread / Highest target 87,7%
Spread / Average Target 54,6%
Spread / Lowest Target 9,51%
EPS Revisions
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
Linnan Xue Chief Financial Officer
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