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

HONG KONG, Nov 16, 2022 - (ACN Newswire via SEAPRWire.com) - Over the past few months, successive "Weight-loss" actions by Fosun International (HKEX: 00656) have come under the spotlight in the capital market.On the evening of 6 November 2022, Yuyuan Inc., a subsidiary of Fosun International, announced its proposal to transfer 654 million shares, or a 20% equity stake, in Zhaojin Mining Industry Co., Ltd. ("Zhaojin Mining") to Jinshan (Hong Kong) International Mining Co., Ltd., a wholly owned subsidiary of Zijin Mining for a total consideration of HK$4.395 billion. In addition to Yuyuan Inc.'s previous stake reduction in Zhaojin Mining on the secondary market in September 2022, Yuyuan Inc.'s shareholding in Zhaojin Mining would be declined to 1.26%. On 19 October 2022, Fosun proposed to transfer 60% of the equity of Nanjing Iron & Steel United Co., Ltd. ("Nanjing Nangang") to Shagang Group at a total consideration of no more than RMB16 billion.Gearing up for Strategic TransformationAfter its investment in both Nanjing Nangang and Zhaojin Mining for a long period of time, the successive proposed disposals of its equity stakes in the two companies are expected to generate a total...

Zhaojin Mining Industry Co., Ltd. (01818): Haiyu goldmine progresses smoothly, showing this gold giant with a high alpha

HONG KONG, Sep 13, 2022 - (ACN Newswire via SEAPRWire.com) - Under the market divergence, the long-term allocation value of gold stocks becomes more prominent.In September when over half of the year has passed, with the frequent "black swan" incidents taking place in 2022, the downward pressure and market volatility of the global economy has become more severe than in previous years. In such a capital winter, gold stocks are expected to become one of the most valuable assets for investment to hold for an extended period of future time.On the one hand, from a macro perspective, there have been more and more catalyst factors that drive the price of gold to rise recently, meanwhile the logic behind the medium and long-term upward trend of gold prices is also strengthening. On the other hand, in terms of valuation, the current gold industry is at the bottom value of the ten-year cycle. Hence the gold industry's profitability and return level are now maintained at a stable and optimized state, providing effective investment values.When it comes to selecting individual stocks, Zhaojin Mining (01818), listed in HKSE, deserves your attention.In addition to the expectation that the rising g...