Fosun trims Tsingtao stake for $301m

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By Jonathan Breen
30 Apr 2021

Fosun International has sold off a block of Tsingtao Brewery’s Hong Kong-listed shares for HK$2.34bn ($301m).

The Shanghai-headquartered conglomerate tapped equity investors on Thursday, after trading ended in Hong Kong. It sold the stock via a group of subsidiaries.

Up for grabs were 33m H shares of Tsingtao, which represents 5.04% of the brewer’s existing Hong Kong stock and 2.42% of its total equity ...

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