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home / news releases / FOSUF - Fosun International On Cusp Of New 'Asset-Light' Era With Latest Sale

FOSUF - Fosun International On Cusp Of New 'Asset-Light' Era With Latest Sale

Fosun International Ltd

2024-04-24 14:10:00 ET

Summary

  • Fosun International’s total debt-to-capitalization ratio stood at 50.4% at the end of last year, down 2.9 percentage points from the previous year.
  • The company recently announced the sale of most of its stake in Belgian insurer Ageas, and has raised 57.3 billion yuan from similar asset sales over the past two years.
  • While the slim-down is making progress, it hasn’t shown signs of ending just yet.

The conglomerate is selling its stake in multinational insurer Ageas, extending a slimming exercise touched off by a liquidity crisis in 2022. ...

For further details see:

Fosun International On Cusp Of New 'Asset-Light' Era With Latest Sale
Stock Information
Company Name: Fosun International Ltd
Stock Symbol: FOSUF
Market: OTC
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