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Fosun International (00656) and Cainiao reached a settlement on share repurchase with a total consideration of US$350 million

Zhitongcaijing·08/29/2025 10:25:03
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Zhitong Finance App News, Fosun International (00656) announced that on August 29, 2025, Stater Investment Holdings Limited (SIHL) (a wholly-owned subsidiary of the company) signed a settlement agreement with Cainiao Smart Logistics Network Co., Ltd. (Cainiao) to confirm and resolve in writing the current negotiations with Alibaba Group on the cancellation price of Cainiao shares (Cainiao shares).

According to the terms of the contract, the cancellation price was set at $0.62 per share of Cainiao shares, and the total consideration for all Cainiao shares held by SIHL was US$350 million. After reaching a settlement, the parties must release and exempt all claims relating to the cancellation price, and must not initiate separate legal proceedings with respect to the cancellation price. The settlement will not result in any profit or loss for the Group in 2025.