×

Open WeChat and scan the QR code
Subscribe to our WeChat public account

HOME Overview Professional Field Industry Field Professionals Global Network News Publications Join Us Contact Us Subscribe 锦天城二十周年 CN EN JP
HOME > News > Transactions and Cases > AllBright Advises Fosun International on Share Issuance

AllBright Advises Fosun International on Share Issuance

 2014-05-232492

On May 23, 2014, Fosun International Ltd. (00656.HK) raised HK$4.888 billion by issuing 500,884,371 shares to existing shareholders at a price of HK$39.76 each.


Fosun International is one of the largest private conglomerate groups on the Chinese mainland. It owns several companies listed in China and overseas stock markets, such as Shanghai Fosun Pharmaceutical (Group) Co., Ltd. and Yuyuan Shopping City. Fosun has established four business segments comprising insurance, industrial operations, investment and asset management. The share issuance will improve the company’s capital structure and bolster its financial strength.


AllBright partners Lawrence ZhuArk Bao, and Shen Cheng and associate Wells Chen formed the Chinese legal team for Fosun International. This is the second time that AllBright has advised Fosun International within this year following its H-share placement in April.