Starting from humble beginnings and building up a portfolio of businesses ranging from real estate and consumer products to insurance over the last 22 years, Fosun International is setting its sights on a new growth target: chasing Warren Buffett.Saturday, 29 March, 2014, 2:10am
Peter Woo Kwong-ching, the chairman of Wheelock & Company and Wharf Holdings, has also been steadily increasing his shareholdings in Wheelock, a ports-to-property conglomerate. Between August last year and October this year, he spent about HK$434 million on Wheelock shares.
Based on its current share price, he would have reaped more than HK$190 million in unrealised profits.10 Dec 2012 - 2:28am
Sixteen private enterprises in Wenzhou have banded together to create two large investment firms
In an attempt to break the constraints of family-managed businesses, 16 big private companies in Wenzhou have established two large investment conglomerates that plan to invest billions of yuan in domestic and foreign markets.7 Jun 2004 - 12:00am
China is getting ready for a substantial wave of privatisation of state-owned enterprises. The biggest centrally controlled state companies remain off-limits. But many firms controlled by provincial and local governments will finally go on the block, as Beijing clears some of the last bureaucratic obstacles.12 Apr 2004 - 12:00am
My, how the world changes. Chinese family conglomerates, the dominant force in Asian business affairs for thousands of years, are ill-equipped old dinosaurs on their way out, says the Economist Intelligence Unit. And, says the EIU in a big report done in conjunction with Andersen Consulting, the Internet will replace them.31 Aug 2000 - 12:00am
TIANJIN Development Holdings is the Tianjin Government's sole listed vehicle, with assets ranging from consumer products to port businesses and industrial machinery.
ING Barings recently put a buy on the stock, saying its net cash of about 900 million yuan (HK$837.45 million) made it stand out from peers in the debt-prone red-chip sector.8 Nov 1998 - 12:00am
The profitability of Hong Kong conglomerates will continue to slide as there is no end in sight to the decline in the property market, a new report by investment bank Salomon Smith Barney has predicted.5 Oct 1998 - 12:00am
BEIJING Enterprises Holdings is a mainland-backed conglomerate with interests in consumer products, transport infrastructure, tourism services and property investment.
This time last year, SBC Warburg had a buy recommendation on the stock, saying its interim profit would exceed its prospectus forecast for the full year.4 Oct 1998 - 12:00am
WHEELOCK is a diversified conglomerate with interests in property, telecommunications, container terminals and trading.6 Sep 1998 - 12:00am
The South Korean Government yesterday revealed a measure to accelerate injection of foreign investment into its stricken economy.
A senior ministry of Commerce, Industry and Energy official said Seoul would pull forward six months the timetable for letting foreign companies take full control of South Korean firms.25 Apr 1998 - 12:00am
The pivotal 15th Communist Party Congress in September has prised open the door for mergers and acquisitions, providing foreign investors with opportunities for participating in reforming the mainland's ineffective state sector, a business consultant says.9 Apr 1998 - 12:00am
Something alarming is happening on the mainland. After President Jiang Zemin's call for bolder measures to reform the state sector at the September 15th Party Congress, what was simply some bureaucrat's love affair with conglomerates has become almost a national obsession.9 Jan 1998 - 12:00am
THE high interest rates needed to defend the Hong Kong dollar peg will take a heavy toll on local corporate earnings, with property companies expected to take the lion's share of the beating, analysts say.
Among the blue-chip companies hardest hit by the high interest rate environment are Henderson Land Development, Sino Land and Wheelock & Co.16 Nov 1997 - 12:00am
'Big is beautiful' may be Beijing's strategy of nurturing domestic giants to compete with international rivals at home and abroad, but some now wonder if the policy could snuff out the very element Chinese industries most need: competition.11 Sep 1997 - 12:00am
President Jiang Zemin intended to use conglomerates to gear the economy towards market forces while maintaining the dominance of the state sector, media reports said yesterday.
The People's Daily ran a front page article playing up the success of China's conglomerates.
The party mouthpiece said they would be 'the backbone fleet' of industry.16 Aug 1997 - 12:00am