Apr 30, 2021 09:52 AM (GMT+8) · EqualOcean
Fosun International announced on the Hong Kong stock exchange that it would sell 24 million H shares of Tsingtao beer at HK $70.88 per share for a total price of HK $1.7 billion. As of the announcement date, Fosun and its management fund held 144 million H shares of Tsingtao beer, holding 22.01%. After the completion of the sale, Fosun and its management fund will hold 111 million H shares, accounting for 16.98% of H shares and 8.15% of the total shares of Tsingtao beer.