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FOSUN PHARMA (600196.SH): plans to subscribe to the newly issued shares of UnitedHealth.
On March 31, Gelonghui reported that FOSUN PHARMA (600196.SH) announced that the company, the International Finance Corporation (IFC), the Asian Development Bank (ADB), and UnitedHealth Insurance jointly signed a "Share Subscription Agreement." The company and IFC, as well as ADB, plan to each contribute 270 million yuan (or the equivalent in USD) to subscribe for 105,468,750 new shares issued by UnitedHealth Insurance (corresponding to an increase in registered capital of 105,468,750 yuan). On the same day, the investors in this capital increase, including the company, together with UnitedHealth Insurance and...
FOSUN INTL released the 2024 annual performance report, with total revenue of 192.142 billion yuan and pre-tax profit of 0.342 billion yuan.
FOSUN INTL (00656) announced its annual results for the year ending December 31, 2024, with total revenue of 192.142 billion yuan (RMB, the same below); pre-tax profit of 0.342 billion yuan; a proposed final dividend of HK$0.02 per share. The announcement stated that after years of accumulation and careful cultivation, the group has welcomed key development opportunities for two domestic insurance companies: FOSUN's Prudential Life's total premium income significantly increased from 4.346 billion yuan in 2023 to 9.251 billion yuan in 2024, and the premium income of UnitedHealth Insurance also steadily improved, with both companies achieving profitability.
Invest in UnitedHealth Group, Not Eli Lilly: Good Buy or Goodbye
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