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  • Sep 21, 2014
  • Updated: 10:51am


Fosun takes a leaf out of Warren Buffett’s book

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

Stock Watch: Wheelock

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

New private conglomerates aim at breaking up family ties

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

The very model of a modern Asian company?

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

Cyberian chorus out of place

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 rides cash pile

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

Salomon predicts further profit erosion, sees hope in maturing assets

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

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

Seoul bringing foreign buyout deadline closer

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