Fosun International plans to repurchase shares not exceeding HKD 1 billion

2026-03-02 00:43:12

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Haodong News: On March 2nd, Fosun International Limited announced that, based on its long-term development prospects, it plans to repurchase shares on the open market.

According to the announcement, Fosun International believes that the current stock price does not fully reflect its long-term value. The company will repurchase shares not exceeding HKD 1 billion between the release of its 2025 annual results and the date of the 2026 Annual General Meeting.

This repurchase plan is based on the authorization granted at the 2025 Annual General Meeting held on June 5, 2025. The specific execution will be determined by the Board of Directors based on market conditions.

Data shows that from January 1, 2022, to the date of this announcement, Fosun International has continuously repurchased 259 million shares on the open market, totaling approximately HKD 1.19 billion, accounting for 3.17% of the total issued shares.

Fosun International reminds investors that share repurchases will be at the discretion of the Board of Directors. The company does not guarantee the timing, quantity, or price of repurchases. Investors should exercise caution when buying or selling shares.

Disclaimer: The content and data of this article are compiled by Haodong News based on public information and do not constitute investment advice. Please verify before use.

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