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