…hison Holdings said in an interview with Bloomberg Television. Read more>> Fosun’s Guo Wants to Help Foreign Companies Enter China Chinese investment group Fosun is keen to play matchmaker. The idea, according to Chairman Guo Guangchang, is to find promising foreign companies that have outgrown their home turf and help them tap China’s massive consumer market. A wealthier, aging population will also open up new opportunities for growth, said Guo,…
Search Results for: fosun
GIC Invests in 2nd European Student Housing Deal This Week and More Asia Real Estate Headlines
…n Sets Sights on Nearly $1 Bil in Brazilian Hospitals Chinese conglomerate Fosun International Ltd is in advanced talks to acquire Hospital da Bahia, a Brazilian hospital in the northeastern city of Salvador, for about 1 billion reais ($308 million), according to a newspaper report on Wednesday. Brazilian business daily Valor Economico reported, without saying how it obtained the information, that Fosun was also looking to spend an additional 2 bi…
Softbank to Buy Fortress Investment for $3.3 Bil and More Asia Real Estate Headlines
…reported. Read more>> Fosun Seeks Funding for Overseas Tourism M&A China’s Fosun is in talks with investors to raise funds for its tourism unit’s planned overseas acquisitions, looking to build up the business even as regulators closely scrutinize outbound transactions, the unit’s president said. Fosun Tourism & Culture Group, a key profit growth business for China’s largest private conglomerate, is in discussions with domestic and international i…
Sunac is Latest Govt Target After $9.3B Wanda Deal
…property-based conglomerate as well as investment behemoths HNA Group and Fosun International. Unlike Sunac, Wanda, HNA and Fosun are all aggressive overseas deal-makers, and the heightened scrutiny appeared to be aimed at curbing capital outflows from China ahead of a major leadership reshuffle this autumn. Now the new regulatory action that has targetted Sunac appears intended to rein in the highly leveraged companies to reduce risks in China’s…
Wanda Swears Off Overseas Deals After Cross-Border Xi Change
…regulator instructed major banks to scrutinise lending to Wanda, HNA, and Fosun, along with Rossoneri Sport Investment (which had bought an Italian soccer club), citing the potential for “systemic risk” from these conglomerates’ massive offshore investments. Then on June 20, banking regulators told the major state-owned lenders that six overseas deals by Beijing-based Wanda would be subject to stricter rules on outbound investment that had been r…
Chinese Outbound Investment Hits 4-Year Low and More Asia Real Estate Headlines
…s Property Units in Sale of 26 Subsidiaries Shares of Chinese conglomerate Fosun International rose on Tuesday after it said it would sell its stakes in 26 companies, mainly property development and management firms, to affiliate Shanghai Yuyuan for 24.23 billion yuan (US$3.65 billion) in an amended, all-share transaction it said was aimed at better allocating resources. Fosun closed up 6.81 per cent at HK$18.20 in Hong Kong on Tuesday. The benchm…
Vanke Opens Senior Care Project in Beijing and More Asia Real Estate Headlines
…osun To Open Sanya Luxury Resort in April China’s acquisitive conglomerate Fosun Group is betting on a luxury resort in the southern seaside city of Sanya, hoping to clone the success of a related comprehensive resort project in Dubai. The island destination, also known as “China’s Hawaii”, will mark the opening of the Atlantis Sanya in April, according to Qian Jiannong, chairman and president of Fosun’s tourism unit. The project takes its inspira…
China’s Country Garden Raises $3B To Pare Debt and More Asia Real Estate Headlines
…is estimated to be $1,962 per sq ft per plot ratio (psf ppr). Read more>> Fosun Capital Leads $80M Round in Automated Store Chain Bingobox China’s private equity firm Fosun Capital has led a US$80 million series B round in Bingobox, a start-up developing fully automated convenience stores. A number of investors including Prometheus Capital, Qiming Venture Partners, GGV Capital and Ventech China also participated in the round, according to a compa…
Ivanhoé Cambridge Targets $630M in India Deals and More Asia Real Estate Headlines
…me. Read more>> Fosun Buys Controlling Stake in French Fashion House Lavin Fosun International announced on Thursday that it had acquired a controlling stake in the 129-year-old French fashion house Lanvin, joining other Chinese companies that have recently bought top brands to capitalise on the demand for luxury products from wealthy mainlanders. Fosun did not disclose financial details of the deal, but said Lanvin’s current shareholders would re…
Asia Real Estate People in the News 2018-07-02
…ty graduate became a Managing Director and Assistant to the President with Fosun, and some six years after the former Yanlord Land executive joined Fosun. Jean Wu has joined Kuntin Group as the Beijing-based industrial developer’s chief executive officer. Wu, who spent the previous eight years with Singapore’s Ascendas-Singbridge in Shanghai took on her new responsibilities with the developer of Kuntin Suzhou International Medical Device Industria…
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