Asia real estate and outbound investment news
Fosun International Ltd, the closely held Chinese conglomerate which owns Club Med, plans to build a 7-star resort hotel near Shanghai’s Disneyland.
According to a report in the official People’s Daily, Fosun CEO Liang Xinjun indicated that the group would build it’s second Atlantis Hotel near the as yet incomplete Disney project. “They (Atlantis executives) are really interested in building it near Disneyland,” Liang commented.
Chinese conglomerate Fosun International Ltd. picked up Portuguese insurance firm Caixa Seguros e Saude this week for 1 billion euros ($1.36 billion), marking one of the biggest overseas investments in the finance sector to date by a Chinese investor.
In a sign of China’s growing economic clout, Fosun bested U.S. buyout firm Apollo Management International LLP to acquire the insurance arm of Portugal state bank Caixa Geral de Depositos SA
Here is a list of the day’s latest China real estate news collected from around the web:
Four people were feared dead including a Chinese billionaire and… Read More>>
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.
