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<IPO>FOSUN INTL (00656.HK) Subsidiary Fidelidade Halts IPO of Portugal Hospital Biz
Fidelidade, a subsidiary of FOSUN INTL (00656.HK), announced that it has decided to suspend its plans for the initial public offering (IPO) of Luz Saude, its Portuguese hospital op...
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<IPO>FOSUN INTL (00656.HK) Subsidiary Fidelidade Halts IPO of Portugal Hospital Biz
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Fidelidade, a subsidiary of FOSUN INTL (00656.HK)  +0.030 (+0.730%)    Short selling $657.66K; Ratio 25.593%   , announced that it has decided to suspend its plans for the initial public offering (IPO) of Luz Saude, its Portuguese hospital operating business, due to difficulties in obtaining a correct valuation at this point in time due to unstable market conditions and geopolitical tensions in the Middle East and other regions.

Earlier, foreign news sources said that Fidelidade intended to promote the listing of Luz Saude on the Euronext Lisbon stock exchange in Portugal, which is expected to raise about EUR100 million and would have been the first IPO in the country in nearly three years.

Related NewsCiti: HK 1Q GDP Growth Beats; Full-yr Forecasts Slightly Raised
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-05-08 12:25.)

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