News for Fosun International Limited (0656.HK)

HONG KONG, April 17, 2025 /PRNewswire/ -- On 15 April 2025, S&P Global published the Sustainability Yearbook 2025 (China Edition). Fosun International Limited (HKEX stock code: 00656, 'Fosun International') was successfully included in S&P Global's Sustainability Yearbook 2025 (China Edition) and was ranked top 1% for the second consecutive year, recognizing its continuous efforts in environmental, social and governance (ESG) over the years.

Moody’s Ratings has changed the outlook of Peak Re to positive from stable, citing that the contagion risk from the reinsurer's majority shareholder,

HONG KONG and SHANGHAI, April 2, 2025 /PRNewswire/ -- On 1 April 2025, Fosun International Limited (HKEX stock code: 00656, 'Fosun International'), together with its subsidiaries ('Fosun' or the 'Group') held its 2024 annual results presentation in Shanghai. The results presentation was attended by Guo Guangchang, Chairman of Fosun International, Wang Qunbin, Co-Chairman of Fosun International, Chen Qiyu and Xu Xiaoliang, Co-CEOs of Fosun International, Gong Ping, CFO of Fosun International, and a number of institutional investors and analysts.

HONG KONG and SHANGHAI, April 1, 2025 /PRNewswire/ -- On 1 April 2025, Fosun International Limited (HKEX stock code: 00656, 'Fosun International'), together with its subsidiaries ('Fosun' or the 'Group') held its 2024 annual results presentation in Shanghai. Addressing investors' concerns about profitability, Guo Guangchang, Chairman of Fosun International, responded that the financial adjustment in 2024 is not due to Fosun's poor operations or decline in market competitiveness, but rather a one-off carrying value adjustment. Nonetheless, Fosun's operations remain stable and its core businesses are under healthy development.

HONG KONG, March 31, 2025 /PRNewswire/ -- Guo Guangchang, Chairman of Fosun International Limited (HKEX: 0656), issued a letter to its shareholders on 30 March, outlining the Company's strategic direction, accomplishments, and future plans.

HONG KONG, March 30, 2025 /PRNewswire/ -- On 30 March 2025, Fosun International Limited (HKEX stock code: 00656) announced its annual results for the year 2024. During the period, the Group's total revenue reached RMB192.14 billion. Its four core subsidiaries - Yuyuan, Fosun Pharma, Fosun Insurance Portugal, and Fosun Tourism Group - generated a total revenue of RMB134.65 billion, accounting for 70.1% of the Group's total revenue, supported by a solid asset base.

HONG KONG, March 28, 2025 /PRNewswire/ -- Fosun International (HKEX stock code: 00656, hereinafter referred to as 'Fosun International', 'Fosun', or the 'Company') has successfully completed the refinancing of a USD 870 million equivalent syndicated loan due on March 28, 2025. Of this amount, USD 675 million equivalent was secured through a newly arranged syndicated loan. Consistent with the Company's past practices, the new syndicated loan includes a greenshoe option, allowing additional banks to participate.

HONG KONG, Feb. 14, 2025 /PRNewswire/ -- On 12 February 2025, S&P Global released the Sustainability Yearbook 2025. Fosun International Limited (HKEX Stock Code: 00656, 'Fosun International') was successfully selected into the yearbook for the second consecutive year for its continuous efforts in environmental, social and governance (ESG).

HONG KONG, Jan. 17, 2025 /PRNewswire/ -- On 16 January 2025, Fosun International Limited ('Fosun International', HKEX stock code: 00656) and Natixis Corporate & Investment Banking ('Natixis CIB') entered into a strategic cooperation agreement ('Agreement'), committing to collaborate closely in support of Fosun International and its subsidiaries' (collectively as 'Fosun') future development strategies.

S&P Global Raises Fosun International's CSA Score to 70 Points, Maintaining a Leading Position in ESG Performance among Global Peers

HONG KONG, Dec. 6, 2024 /PRNewswire/ -- Fosun International Limited (HKEX stock code: 00656) recently garnered five prestigious international Environmental, Social, and Governance (ESG) awards from two global media outlets, reflecting the market's recognition of the Company's outstanding performance and achievements in ESG strategy, corporate governance, social responsibility, environmental protection, information disclosure and stakeholder engagement.

HONG KONG, Nov. 12, 2024 /PRNewswire/ -- On the evening of 7 November 2024, The Asset, a renowned Asian financial magazine, held 'The Asset ESG Corporate Awards 2024' awards ceremony at the Four Seasons Hotel Singapore. Fosun International Limited ('Fosun International' or the 'Company') (HKEX stock code: 00656) was awarded 'The Asset ESG Corporate Awards 2024 - Platinum Award' and 'Best Initiative in Social Responsibility'.

HONG KONG, Nov. 6, 2024 /PRNewswire/ -- On November 6, 2024, during the Seventh China International Import Expo ('CIIE'), Standard Chartered Bank (China) Limited Co. ('Standard Chartered China') and Fosun International Limited ('Fosun International') signed a memorandum of understanding for strategic cooperation ('MOU') to further deepen the bank-enterprise cooperation based on the existing cooperation and to expand the depth and breadth of cooperation in the global market, especially in the 'Belt and Road' market.

Discover how Fosun has become a global powerhouse with 55% CAGR overseas revenue growth and innovative ventures like Fosun Pharma's international success.

HONG KONG, Oct. 2, 2024 /PRNewswire/ -- Fosun International Limited (HKEX stock code: 00656, 'Fosun International', 'Fosun' or 'the Company') has successfully completed a sustainability-linked syndicated loan amounting to USD888 million. The loan was initially launched earlier this year in May with first close of USD603 million, followed by Greenshoe accessions. The final size represents one of the largest of its kind in the market so far this year for a Chinese privately-owned enterprise.

Selected as a Constituent Stock of the Hang Seng Corporate Sustainability Benchmark Index for Five Consecutive Years

Fosun Pursues Solid Business Development with Predictable Profit

HONG KONG, Aug. 28, 2024 /PRNewswire/ -- Fosun International Limited (HKEX stock code: 00656) announced its interim results for the six months ended 30 June 2024. During the Reporting Period, the Group's revenue continued to grow, reaching RMB97.84 billion; industrial operation profit maintained growth, reaching RMB3.47 billion. The four core subsidiaries, namely Yuyuan, Fosun Pharma, Fosun Insurance Portugal, and Fosun Tourism Group, achieved a total revenue of RMB72.17 billion, maintaining year-on-year growth and accounting for 74% of the Group's total revenue.

Key Takeaways: Fosun Tourism issued an earnings alert projecting revenues in the first half of the year would grow by 8% or more, generating at least 300 million yuan in profit The company’s share price has fallen nearly 38% so far this year as reports of possible asset sales have shaken investor confidence By Fai Pui