Unit of China's Fosun to sell stake in HK-listed Zhaojin Mining for $561m

Unit of China's Fosun to sell stake in HK-listed Zhaojin Mining for $561m

A company logo of Fosun International is seen at the Fosun Fair held alongside the annual general meeting of the Chinese conglomerate in Hong Kong, China May 28, 2015. REUTERS/Bobby Yip/File Photo

China’s Fosun International Ltd on Monday said its affiliate Shanghai Yuyuan Tourist Mart Group Co will sell 654.1 million Hong Kong shares of Zhaojin Mining Industry Co for HK$4.40 billion ($560.55 million).