Nanjing Iron and Steel Company

Fosun Receives RMB12 Billion Syndicated Loan to Consolidate Capital for Business Development

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Tuesday, January 17, 2023
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According to the Company's official release, Guo Guangchang, Chairman of Fosun International said that this signing has further deepened the cooperation between Fosun and banks, broadened financing channels, and consolidated liquidity support for business development.

Key Points: 
  • According to the Company's official release, Guo Guangchang, Chairman of Fosun International said that this signing has further deepened the cooperation between Fosun and banks, broadened financing channels, and consolidated liquidity support for business development.
  • Before the RMB12 billion syndicated loan was officially completed, on 13 January, Fosun High Technology successfully completed bookbuilding for the RMB1 billion super & short-term commercial paper "23 Fosun High Technology SCP001" with a term of 180 days and a coupon rate of 6.99% per annum.
  • The super & short-term commercial paper is Fosun High Technology's first issuance since its return to the public market at the end of April 2022.
  • In addition to this syndicated loan and the super & short-term commercial paper, Fosun's capital has been further consolidated.

The Logic Behind Fosun's "Weight-loss" Actions: To Focus on the Core Businesses and Deepen Innovation and Globalization

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Wednesday, November 16, 2022
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However, we cannot simply explain Fosun's recent disposal of its assets and partial equity stakes by an ordinary logic in investment.

Key Points: 
  • However, we cannot simply explain Fosun's recent disposal of its assets and partial equity stakes by an ordinary logic in investment.
  • Through an accelerating strategic business transformation and disposal of certain assets, Fosun is able to focus on its core business of fast-growing family consumption.
  • After its "Weight-loss" actions, Fosun will continue to grow and strengthen its well-established business segments, including health, happiness and wealth.
  • In order to grasp emerging opportunities, Fosun will "focus on its core businesses, deepen innovation and globalization".

Fosun receives S&P report: Fosun has flexibility to replenish cash and has adequate resources to manage debt maturities

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Tuesday, July 5, 2022
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According to Fosun International's 2021 annual report, Fosun International has a sound and healthy financial position.

Key Points: 
  • According to Fosun International's 2021 annual report, Fosun International has a sound and healthy financial position.
  • Facing the volatility of the public market, Fosun made full use of its diversified financing channels to maintain stable liquidity.
  • In 2007, Fosun International Limited was listed on the main board of the Hong Kong Stock Exchange (stock code: 00656.HK).
  • Fosun International ranks No.589 on the 2022 Forbes Global 2000 List, with a MSCI ESG rating of AA.

Fosun Receives UBS Report: Believes Fosun can Effectively Manage Financing Risks

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Monday, July 4, 2022
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HONG KONG, July 4, 2022 /PRNewswire/ -- Fosun International Limited (HKEX stock code: 00656, "Fosun International") said that UBS has recently published a report on Fosun International. UBS believes that Fosun can effectively manage near-term financing risks and assigned Fosun a "neutral" rating with a 12-month target price of HK$9.1.

Key Points: 
  • HONG KONG, July 4, 2022 /PRNewswire/ -- Fosun International Limited (HKEX stock code: 00656, "Fosun International") said that UBS has recently published a report on Fosun International.
  • UBS believes that Fosun can effectively manage near-term financing risks and assigned Fosun a "neutral" rating with a 12-month target price of HK$9.1.
  • UBS pointed out that while refinancing risks are rising on China macro concerns, it believes Fosun should be able to effectively manage near-term refinancing risks through a slowdown in investments and an increase in asset disposals.
  • Fosun has been able to refinance its onshore bonds with short term commercial papers and an offshore bond with asset disposals.

Fosun International received S&P Global Rating's latest report

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Friday, June 24, 2022
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HONG KONG, June 24, 2022 /PRNewswire/ -- Fosun International Limited (HKEX stock code: 00656, "Fosun International") received S&P Global Rating's latest report published yesterday, where it points out that Fosun has adequate resources to meet its upcoming debt maturities over the next six to 12 months and that it believes the company could rely on asset monetization and stable banking relationships to manage its liquidity.

Key Points: 
  • HONG KONG, June 24, 2022 /PRNewswire/ --Fosun International Limited (HKEX stock code: 00656, "Fosun International") received S&P Global Rating's latest report published yesterday, where it points out that Fosun has adequate resources to meet its upcoming debt maturities over the next six to 12 months and that it believes the company could rely on asset monetization and stable banking relationships to manage its liquidity.
  • According to Fosun International's 2021 annual report, Fosun International has a sound and healthy financial position.
  • On 8 June 2022, S&P Global Rating published a report, maintaining Fosun International outlook as "Stable"; and affirmed "BB"on Fosun International's long term issuer credit rating and its guaranteed senior unsecured debt.
  • Fosun International ranks No.589 on the 2022 Forbes Global 2000 List, with a MSCI ESG rating of AA.

2022 China Metals, Minerals & Steel Companies Database - ResearchAndMarkets.com

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Thursday, December 30, 2021
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The "China Metals, Minerals & Steel Companies Database 2022" directory has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "China Metals, Minerals & Steel Companies Database 2022" directory has been added to ResearchAndMarkets.com's offering.
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  • China Metals, Minerals & Steel Companies Database is one of the most comprehensive and accurate Directories on thousands of Chinese metals, mineral & steel companies that have ever been published.