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Stock impact report

Fanhua Announces Strategic Investment from Fosun

Fanhua Inc. - American depositary shares, each representing 20 ordinary shares (FANH) 
Last fanhua inc. - american depositary shares, each representing 20 ordinary shares earnings: 3/18 04:55 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.fanhuaholdings.com
Company Research Source: GlobeNewswire
GUANGZHOU, China, April 06, 2017 (GLOBE NEWSWIRE) -- Fanhua Inc. ( “Fanhua” or “the Company”) (Nasdaq:FANH), a leading independent online-to-offline ("O2O") financial services provider in China, today announced the completion of a private placement of 66,000,000 ordinary shares (equivalent to 3,300,000 ADS) of the Company, at purchase price of  US$0.44185 per ordinary share (equivalent to US$8.837 per ADS), for a total investment of US$29,162,100, by Fosun Industrial Holdings Limited ("Fosun"), a wholly-owned subsidiary of Fosun International Limited (00656.HK) ("Fosun International"). The purchase price represents the average closing price of the past 20 trading days prior to the signing of the share purchase agreement between Fosun and the Company on March 29, 2017. Fosun holds 5.34% of the equity interests in the Company post-closing and its purchased shares are subject to a contractual one-year lock-up. In connection with this investment, Fosun and Fanhua agreed to establish a Show less Read more
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