FOSUN INTL (00656) Reaches Settlement with Cainiao on Share Repurchase for Total Consideration of $350 Million

Stock News
2025/08/29

FOSUN INTL (00656) announced that on August 29, 2025, Stater Investment Holdings Limited (SIHL), a wholly-owned subsidiary of the company, entered into a settlement deed with Cainiao Smart Logistics Network Co., Ltd. (Cainiao). The agreement aims to confirm in writing and settle the ongoing negotiations with Alibaba Group regarding the cancellation price of Cainiao shares.

Under the terms of the deed, the cancellation price is set at $0.62 per Cainiao share, with a total consideration of $350 million for all Cainiao shares held by SIHL. Following the settlement, all parties must release and waive all claims related to the cancellation price and shall not initiate any further legal proceedings regarding the cancellation price.

The settlement will not result in any gains or losses for the group in fiscal year 2025.

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