Fosun International | South China Morning Post
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  • Apr 18, 2015
  • Updated: 4:46pm

Fosun International

Fosun International (Hong Kong stock code 00656.HK), the parent of Fosun Group, listed in Hong Kong in July 2007. Fosun Group said it mainly invests in sectors that will significantly benefit from growth in China’s domestic demand, such as consumption, financial services, resources and energy, and manufacturing. 

Fosun takes a leaf out of Warren Buffett’s book

Liang Xinjun said that after the acquisition, Fosun will have sufficient cash flow for new investments using its own money. Photo: Thomas Yau

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

Fosun hits back over ratings review after purchase of Portuguese insurers

Fosun's chief executive, Liang Xinjun (inset), said the company had prepared adequate capital for the acquisition. Photo: Fosun website

Fosun International chief executive Liang Xinjun has hit back at two international credit rating agencies that are reviewing their ratings of the company following the acquisition of three Portuguese insurers, saying its financial situation is comfortable.

15 Jan 2014 - 8:30am

Fosun's 9pc profit gain boosts investment funds

Fosun International has readied several billion-yuan in investments after profit grew 9 per cent in the first half of the year. Photo: Reuters

Shanghai private investment conglomerate Fosun International has readied several billion-yuan in investments after profit grew 9 per cent in the first half of the year thanks to one-off gains.

29 Aug 2013 - 3:56am

Fosun takes China holiday with Club Med

Club Med is still a particularly strong brand with decades of experience in the business. Photo: AFP

A global buying spree by cash-rich Chinese investors has taken a turn onto the tourist map, with word that Fosun International is taking part in a bid to purchase France's Club Med.

28 May 2013 - 6:29pm

Fosun moving in on Club Med with partner AXA

Club Med is seeking to boost its appeal among mainlanders.

Mainland conglomerate Fosun International and Paris-based AXA Private Equity are planning to take over French holiday resort company Club Méditerranée for about US$700 million.

28 May 2013 - 4:36am

Fosun to boost housing projects for the elderly

The rapid increase in the number of elderly people on the mainland is seen by conglomerate Fosun International as offering potential for the housing market. Photo: Reuters

Fortress has partnered Fosun to operate joint venture Shanghai Starcastle Living Services, which already has a housing project for the elderly in the city.

23 May 2013 - 3:51am

Fosun wins court fight over sale of stake in Bund 8-11

Guo Guangchang, chairman of Fosun International. Fosun has won a court order on the mainland forcing the developer Soho China to return to the vendors the 50 per cent stake it bought in a project in Shanghai. Photo: Bloomberg

Fosun International has won a court order on the mainland forcing the developer Soho China to return to the vendors the 50 per cent stake it bought in a project in Shanghai.

25 Apr 2013 - 6:15am

Developers in clash over sale of Shanghai site

A dispute between a consortium led by Shanghai Zendai Property and Fosun International has erupted after Shanghai Zendai sold its shares in a jointly-held prime Shanghai site to another developer.

31 Dec 2011 - 12:00am

Fosun bid for equity fund of 1.5b yuan

Shanghai-based conglomerate Fosun International said yesterday it planned to form a 1.5 billion yuan (HK$1.8 billion) fund focusing on equity and debt investments.

The Hong Kong-listed company announced its subsidiaries, Nanjing Iron & Steel, Tibet Fosun and Fosun Pingyao, entered into a limited partnership agreement with Tibet Xingye and other investors last month.

15 Dec 2011 - 12:00am

Fosun eyes more share buy-backs

Unhappy that the share price does not reflect the company's growth prospects, the controlling shareholder of Shanghai conglomerate Fosun International has indicated it may continue to buy the stock in the open market.

'The operating performance in all business segments was very good,' Liang Xinjun, Fosun vice-chairman, president and co-founder, said in an interview.

28 Jan 2008 - 12:00am

Fosun set to acquire nonferrous metal firm

Fosun International, which on Monday reported that first-half earnings doubled, is preparing to buy a nonferrous metal maker to secure supply of raw materials for its steel production as well as other minerals.

19 Sep 2007 - 12:00am

Fosun underperforms in debut with disappointing 12pc increase

Shares of mainland conglomerate Fosun International, touted as one of the hottest offerings this year, gained a less-than-expected 12 per cent on their debut in Hong Kong yesterday.

Fosun surged as much as 21 per cent to an intra-high of HK$11.18 before sliding back to end at HK$10.34 compared with the offer price of HK$9.23. About HK$5.2 billion worth of shares changed hands.

17 Jul 2007 - 12:00am

Fosun International plans investments in mainland pre-initial public offering firms

Mainland conglomerate Fosun International, whose shares will start trading today, plans to capitalise on its knowledge and relationships in privately owned enterprises by making more investments in pre-initial public offering companies.

16 Jul 2007 - 12:00am

Fosun to join top debutants as orders top HK$230b for offer

Fosun International is set to become one of the hottest new listings this year, with the largest privately owned mainland group drawing more than HK$230 billion of orders for its HK$11.5 billion initial public offering.

6 Jul 2007 - 12:00am

Lenders keep watch over softening rates

Hong Kong's interbank rates fell slightly yesterday after retail subscriptions for Fosun International's initial public offering ended, but lenders said rates still would remain high in the near term.

The one-week interbank rate retreated to 4.8 per cent from 5.05 per cent, while the overnight rate, which traded at 4.5 per cent or higher, closed at 3.875 per cent.

6 Jul 2007 - 12:00am

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