…area. Keep reading for all these stories and more from around the region. Fosun In Advanced Talks to Take Over Thomas Cook In £750M Deal China’s Fosun Tourism Group is in advanced talks with Thomas Cook Group Plc and its lenders regarding a combined £750 million ($940 million) fund-raising by the world’s oldest travel company. The proposed deal would give Fosun Tourism control of the British firm’s core packaged-tour business and minority interes…
Search Results for: fosun
Questions for Fosun’s CEO Liang Xinjun
…Bund. It will be interesting to see what Mr Liang has to say about the outlook for China’s real estate market in 2012, and I will also try to ask him how it is that SOHO was able (if they really were) to buy 50% of that Bund site without Fosun’s permission, if Fosun actually had first refusal rights on the deal. In the meantime, if any of you have questions for Fosun, please be sure to send them along and I will try to ask on your behalf. A full r…
Fosun to Invest in $9.3B Greek Casino and Resort Project
…wing final vetting of the project by a number of Greek government offices. Fosun Helping Greece Pay Off Bail Out The sale of the Hellenikon site, which had stopped serving as an airport in 2001 and was last used in 2004 to house portions of the Athens Olympics, was necessary for Greece to meet the terms of agreements with the European Union and the IMF as part of the bail out that the country received during the financial crisis. Besides helping t…
Fosun Announces Net Profit Rise of 17% in PR Blitz and More China Real Estate Headlines
…ody’s pans Wang Jianlin’s privatisation plans for Wanda. Read on for more. Fosun Says Net Profit Climbed 17%, Touts Plans for Brazil, Russia and India Fosun International, the Chinese mainland based conglomerate chaired by billionaire Guo Guangchang, reported 2015 net profit grew 17.3 per cent on year, and pledged this year to continue expanding its global footprint to include new investments in Brazil, Russia and India. Guo, founder and chairman…
Fosun Preparing to Sell $6B in Assets and More Asia Real Estate Headlines
…their Shanghai land-buying frenzy. Read on for all these stories and more. Fosun Preparing to Sell $6B in Assets Fosun Group, one of China’s most acquisitive conglomerates, is preparing to sell as much as 40 billion yuan ($6 billion) in assets as it focuses on raising its credit rating to above junk. After announcing more than $15 billion in overseas acquisitions since 2010, the group plans to disclose the disposals between now and the end of 2017…
Fosun Chairman Praises China’s Outbound Crackdown and More Asia Real Estate Headlines
…ojects are flying off the shelves. Read on for all these stories and more. Fosun Boss Praises Outbound Crackdown on Companies Like Fosun One of China’s richest men and most active global dealmakers has given his backing to a crackdown on overseas investments, a drive which has stymied deals and brought the spotlight onto the offshore dealmaking of a number of China’s top firms. Guo Guangchang, chairman of Chinese conglomerate Fosun International,…
Fosun Sells Sydney Tower for A$150M and More Asia Real Estate Headlines
…with navigating an ocean of debt. Read on for all these stories and more. Fosun Sells Sydney Tower for A$150M Chinese conglomerate Fosun Group, the aggressive dealmaker facing government scrutiny over its overseas acquisitions, has sold out of its first Sydney property investment. A Fosun Property partnership sold an office tower for A$150 million ($115 million) to a joint venture involving Australia’s Propertylink Group, according to a Propertyl…
Fosun Said Shopping $1B Cainiao Stake and More Asia Real Estate Headlines
…India and connectivity ratings provider Wiredscore expands into Hong Kong. Fosun Puts Cainiao Stake on Market at Potential $1B Valuation Debt-laden Chinese conglomerate Fosun International is seeking to offload a minority stake in Alibaba Group’s logistics arm Cainiao, in a deal that could fetch up to $1 billion, two people with direct knowledge of the matter said. Fosun has appointed a financial adviser to run the sale of its stake of less than 5…
Fosun Selling Stake in Steelmaker for $2B and More Asia Real Estate Headlines
…and mainland new home prices climb at their fastest pace since last June. Fosun Group Sells Nangang Stake to CITIC Unit for $2B Fosun International agreed to sell its 60 percent stake in the parent company of Nanjing Iron & Steel Co to a firm owned by CITIC after terminating an earlier plan to offload the holding to Jiangsu Shagang Group Co. Fosun will sell its stake in Nanjing Nangang Iron & Steel United Co for RMB 13.58 billion ($2 billion) to…
Fosun Said Reviving $1B Sale of Hong Kong’s Peak Re and More Asia Real Estate Headlines
…Property Australia reviews the future of one of its projects in Brisbane. Fosun Is Said to Revive $1B Sale of Hong Kong’s Peak Re Fosun International has revived a plan to sell Hong Kong-based Peak Reinsurance after failing on a previous attempt, according to people familiar with the matter. BNP Paribas is helping the Chinese conglomerate find a buyer for its majority stake in the business, the people said, asking not to be identified discussing…
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