Hong Kong, November 16, 2022 – (ACN Newswire) – – A series of ‘weight loss’ actions over the past few months Bosung International (HKEX: 00656) is in the limelight in the capital market.
in the evening of November 6, 2022, Yuan Co., Ltd.subsidiary of Bosung Internationalacquired 654 million shares, or 20% of the shares, of Trillion Gold Mining Co., Ltd. (“Trillion Gold Mining”) to Jinshan (Hong Kong) International Mining Co., Ltd.a wholly owned subsidiary of Zijin Mining, HK$4.395 billion. In addition to Yuan Co., Ltd. Trillion Gold Mining Earlier Stake Reduction in Secondary Market September 2022, Yuan Co., Ltd. Zhaojin Mining’s shareholding will be reduced to 1.26%.upon October 19, 2022, comeback proposed to transfer 60% of the shares of Nanjing Steel United Co., Ltd. To (“Nanjing Nangang”) Sha steel group at a total consideration of 16 billion RMB.
Preparing for strategic change
After long-term investments in Nanjing Nangang and Trillion Gold Mining, the sale of shares in both companies was proposed one after another, resulting in a total of 20 billion RMB in return for funds. The divestment has proven very successful in terms of return on investment, considering the gains and dividends he’s made from two companies over the last 20 years.However, it cannot be easily explained comeback A recent disposal of its assets and partial shares by the usual logic of investing.
comeback Divestments are intended to enhance effective debt management and capital security. By accelerating strategic business transformation and disposal of certain assets, comeback You can focus on your core business of fast growing family consumption.
saw the market comeback Recent divestments are favorable. Many investment banks such as Morgan Stanley, Citi and Goldman Sachs publish research reports such as: Bosung International The recent move reiterated my “buy” rating for the company.they expected comeback Dispose of non-core assets to reduce debt-to-equity ratios, alleviate liquidity concerns, streamline asset portfolios and focus on core businesses. In its research report, Citi said after numerous mergers and acquisitions, spin-offs and disposals of non-core assets, comeback It has become a more diversified conglomerate with a well-positioned asset-light business model that can benefit from increased discretionary spending by Generation X. ChinaIn Citi’s view, a successful sale of Nangang shares at an appropriate price is the right thing to do. comeback Redeploy the resource for better use.
comeback A successful exit strategy creates a win-win
Shagan Group’s Stock market trading was halted on the day the next news was announced as stock prices reached their limit comeback Announced the sale of shares in Nanjing Nangang. The soaring stock price of Zijin Mining also reached its limit, causing the stock market to stop trading. RMB 4 billion.
according to someone close comeback After the sale of Nanjing Nangang shares, about 20 potential buyers bid for their holdings. comeback We have prioritized partners that have the potential to promote the long-term development of Nanjing Nangang, hoping that the transaction will benefit all parties involved. In the official statement on the acquisition of Zhaojin Mining by Zijin Mining, after Zijin Mining became the second largest shareholder of Zhaojin Mining, the two companies will maximize their respective advantages to further strengthen and strengthen their positions. said it could be strengthened. world gold mining industry.
After that “weight loss” action, comeback continues to grow and strengthen established business segments such as health, well-being and wealth. for example, comeback Focus more resources on R&D of innovative medicines by Fosun Pharma, development of “Grand Yuyuan”, growth of Shede Spirits, etc. Chinese consumer market. Concentrating on our core business and taking steps to strengthen our role in the real economy will undoubtedly comeback On overcoming the volatility of the economic cycle.
Recently, Fosun Pharma, Yuan Co., Ltd.Nanjing Steel, hainan miningThese are the four companies listed under comebackheld a joint presentation of its third quarter 2022 results at shanghai stock exchange. Guo Gwangchang,Chairman Bosung Internationalattend presentations via video conferencing and discuss innovations and Chinese Opening up to global markets at a higher level was key to promoting new development patterns. to seize new opportunities comeback “Focus on core business, deepen innovation and globalization”.
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