Faberg Parent Company Urges Shareholders To Accept Fosun Purchase Offer

According to the world clothing and shoe net, Russia's Centennial jewelry

On Tuesday, the independent shareholders' committee of the British gemstone mineral company, Gemfields, and its parent company, made an open proposal on Tuesday, hoping that shareholders would accept the offer offered by China Fosun international group.

Last week, Fosun offered a price of 225 million pounds for Gemfields, averaging 40.85 pence per share, compared to the 35.5 pence premium of 15.1% at Gemfields's share price, which was higher than that of Gemfields's largest shareholder, South Africa's private equity fund Paullinghurst Resources, before its offer of 37.10 pence per share.

Since then, Paullinghurst has raised the offer to 38.5 pence per share.

On Tuesday, Fosun Group also raised its offer to 45 pence per share, which amounted to 256 million pounds.

By the time Wednesday closed, Gemfields shares had risen to 40 pence.

At present, Pallinghurst holds a 47.09% stake in Gemfields, which is intended to buy the remaining 52.91% stake.

In an official statement, the shareholders' committee said: "shareholders are advised to accept the offer made by Fosun Group to ensure that they can get higher returns for their investments."

The company stressed that although Fosun Group's quotations are "unfair and unreasonable", compared to Pallinghurst's offer, Fosun Group's price is 18.2% higher.

Gemfields is a professional manufacturer of rare gem industry. It is famous for its production of emerald and Amethyst in Zambia, Mozambique Hongbao and diamond.

In November 2012, the company acquired Faberg, a famous Russian jewelry brand, which is famous for making czar gem eggs.

Faberg 1885 has been commissioned by the tsar to make Easter Empire eggs since the reign of Alexander III.

These egg carvings are also renowned all over the world and are recognized as one of the greatest jewelry works.

In 1917, the Russian Revolution in October, the last generation of the Czar Romanov Dynasty collapsed, and the production of Faberg e's empire egg was also terminated.

The Faberg Gemfields brand went through numerous trademark disputes after the Russian Revolution in October. After the reorganization in 2009, it was specialized in high-end jewellery. In February 2015, the Faberg eh, who was bought by the company, finally resumed the traditional egg production.

(see related reports: Faberg years later, the production of Empire egg) is resumed.

Fosun international was founded in 1992 in Shanghai as a Hong Kong listed companies. It is a diversified company in the medical, real estate, energy and retail industries. It is also the parent company of Club Med, a French Resort Group.

(see the related report: Club Med battle for new year's ending, Fuxing's return to beauty)

Last month, Fosun announced its strategic investment of $887 million to Polyus, Russia's top gold producer, thereby increasing its popularity in the international natural resources industry.

Fosun also expressed its intention to send Australia's top energy to 15 billion dollars.

Origin buys oil and natural gas resources.

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