China’s Fosun International Ltd on Monday said its affiliate Shanghai Yuyuan Tourist Mart Group Co will sell 654.1 million Hong Kong shares of Zhaojin Mining Industry Co for HK$4.40 billion ($560.55 million).
Shanghai Yuyuan is offering to sell the stake in Zhaojin Mining for HK$6.72 per share, a discount of 1.8% from the closing price on Nov. 4.
