Search Results for: fosun

Fosun Raising A Fund to Invest Globally

Fosun CEO Liang Xinjun

Last week I let Mingtiandi's readers know that I would be having lunch with Fosun's CEO Liang Xinjun, and I apologise for not updating you sooner on what this China business mogul had to say.The reason that I didn't feel a rush to update you on my little talk with one of China's real estate … [Read more...]

Fosun Moves Closer to Acquiring $1.26 Bil Greek Site

Athens Hellenikon airport

Chinese investment conglomerate Fosun International has apparently locked up a deal to acquire a 620-hectare seaside site in Athens for a Euros 915 million ($1.26 billion) real estate project.According to a report by Reuters, Fosun, together with Greek partner Lamda Development and Abu Dhabi … [Read more...]

Fosun Group and Prudential Financial Plan Real Estate Joint Venture in China

Mark Grier and Fosun

Chinese investment firm Fosun Group and Prudential Financial, Inc. (PFI) from the US, today announced plans for a real estate joint venture to invest in mixed-use development projects in China, and in select overseas locations.The two companies refrained from stating dollar amounts or location … [Read more...]

Court Battle Reveals SOHO Strategy for Acquiring Bund Project

Fosun Chairman Guo Guanchang

Since going to court in Shanghai, the lawsuit filed by Chinese developer Fosun, against its Beijing-based competitor SOHO China, has revealed the approach by which SOHO has been able to buy into the controversial Bund Financial Centre project in Shanghai.On Dec 29, 2011, SOHO China announced … [Read more...]

Fosun Pays US$725 Mil for Chase Manhattan Building and the Big Buyer Trophy

1 Chase Manhattan Plaza

Fosun International Ltd became the latest Chinese company to acquire a US trophy asset last week when it agreed to purchase 1 Chase Manhattan Plaza from JP Morgan Chase for US$725 million.With the acquisition the closely-held Shanghai firm now holds the most expensive real estate trophy asset of … [Read more...]

Fosun to Raise $668M from Share Sale to Pursue Its Buffett Strategy

Fosun chairman Guo Guangchang

Diversified Chinese investment conglomerate Fosun International announced last week that it is organising a share sale to raise up to $668 million to help pursue its goal of becoming the Berkshire Hathaway of Asia.According to a story in the Wall Street Journal, Fosun, which invests in … [Read more...]

Fosun Plans 7-Star Resort Hotel Near Shanghai Disneyland

Atlantis Hotel Hainan

Fosun International Ltd, the closely-held Chinese conglomerate which acquired Club Med last year, plans to build a 7-star resort hotel near Shanghai's eagerly awaited Disneyland.According to a report in the official People's Daily, Fosun CEO Liang Xinjun indicated that the group would build it's … [Read more...]

China’s Fosun Confident It Has Cash to Buy Portuguese Insurer

Fosun CEO Liang Xinjun

Chinese conglomerate Fosun International Ltd (0656.HK), which is rapidly becoming one of China's leading global investors, today reassured investors that it has adequate cash to finance its proposed 1 billion euro purchase of Portuguese insurer Caixa Seguros e Saude.The company also indicated … [Read more...]

Fosun Jumps Into Japan with IDERA Real Estate Deal

Fosun chairman Guo Guangchang

China's most diversified investor took a step into Japan's recovering real estate market last week when it bought real estate investment management company IDERA Capital Management Ltd from Japanese private equity firm Unison Capital. The deal was announced on IDERA's website, without disclosing … [Read more...]

Fosun and SOHO Bund Deal a Bad Blind Date

Fosun SOHO site on Shanghai's Bund

In a report today on the Wall Street Journal, Esther Fung looks into the strange partnership of China real estate developers Fosun and SOHO for a site on Shanghai's Bund.As announced recently by SOHO, and subsequently denounced by Fosun, SOHO has allegedly agreed with Shanghai Zendai and … [Read more...]