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FOSUN INTL Guo Guangchang: Committed to Exiting Poorly Performing Assets, Confident in Future Development
Recommend 5 Positive 3 Negative 2 |
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Guo Guangchang, Chairman of FOSUN INTL (00656.HK), stated that the group's RMB23.4 billion impairment provision is a prudent accounting treatment. It’s not that there are operational issues; this provision is simply a case of "repairing the roof while the sun is shining". He said that the management is confident about future development. He added that this impairment marks the beginning of a new development phase for FOSUN in the long term. The group will resolutely divest itself of assets that are underperforming and failing to meet value targets, focusing resources on high-growth core sectors to drive the company towards a lighter, healthier, and more sustainable direction. AASTOCKS Financial News Website: www.aastocks.com |
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