China's Fosun falls on Reuters report it is open to sell Portuguese bank stake
Shares of Fosun International 0656.HK fall 2.1% to HK$4.20, biggest pct loser in Hang Seng Composite Index on conglomerates .HSCIC
** Fosun isopen to selling its remaining stake in Portugal's Millennium bcp BCP.LS, two sources familiar with the matter told Reuters
** The company has been evaluating options, such as finding a strategic buyer for the 20% holding, one of the sources said
** However, a Fosun spokesperson said it had no intention to sell the stake to European lenders including Spain's BBVA BBVA.MC and CaixaBank CABK.MC
** Hang Seng Composite Index on conglomerates .HSCIC slips 0.5%, Hang Seng Composite Index .HSCI falls 1.2% and Hang Seng Index .HSI eases 1.1%
** Stock down 8.5% YTD
** Fosun isopen to selling its remaining stake in Portugal's Millennium bcp BCP.LS, two sources familiar with the matter told Reuters
** The company has been evaluating options, such as finding a strategic buyer for the 20% holding, one of the sources said
** However, a Fosun spokesperson said it had no intention to sell the stake to European lenders including Spain's BBVA BBVA.MC and CaixaBank CABK.MC
** Hang Seng Composite Index on conglomerates .HSCIC slips 0.5%, Hang Seng Composite Index .HSCI falls 1.2% and Hang Seng Index .HSI eases 1.1%
** Stock down 8.5% YTD
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment