Fosun International Limited

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. 

Fight over Bund commercial site headed to court

The prime location of the last remaining commercial land parcel on The Bund in Shanghai was a guarantee that when the vacant 45,500 square metre site on the banks of the Huangpu River came up for auction, the bidding would be fierce.

Wednesday, 6 June, 2012, 12:00am

Mainland insurer ready to relaunch IPO in HK

People's Insurance Co of China (PICC), one of the mainland's largest insurers, is the latest mainland major planning to go public in Hong Kong.

Chairman Wu Yan said he expected to complete a massive fund-raising this year. Reuters quoted him as saying the insurer was speeding up preparations for a dual Hong Kong-Shanghai listing.

13 Mar 2012 - 12:00am

Market surge prompts firms to revive IPOs

Investment bankers are trying to revive at least four substantial initial public offerings that were called off late last year because of weak market sentiment as the market is showing signs of recovery.

The four companies include Haitong Securities and XCMG Construction Machinery.

9 Feb 2012 - 12:00am

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

Judges praise creativity and innovation of chosen few

The judging criteria of the Ernst & Young Entrepreneur Of The Year 2011 China Awards conforms to a single standard adopted by all Entrepreneur Of The Year programmes around the world.

8 Nov 2011 - 12:00am

Spilled molten iron kills 12 at Nanjing Iron plant

Molten iron spilling from the wall of a blast furnace killed 12 workers and injured another at Nanjing Iron & Steel on Wednesday, according to Xinhua and the company's parent, Shanghai-based Fosun International, a Hong Kong-listed conglomerate.

7 Oct 2011 - 12:00am

Fosun joins Prudential in life insurance

Fosun Group, the mainland's largest non-state-owned investment conglomerate, will set up a life insurance company with Prudential Financial in the fourth quarter of 2012.

16 Sep 2011 - 12:00am

Property firm's shares soar after Fosun offer

Shanghai Forte Land shares rose sharply after its controlling shareholder, Fosun International, launched a HK$2.55 billion bid to privatise the Hong Kong-listed property firm.

22 Jan 2011 - 12:00am

Shanghai Forte lowers contract sales target 43pc

Shanghai Forte Land has cut its contract sales target in terms of floor area by 43 per cent this year as negative market sentiment has weakened buying interest.

Chief executive director Fan Wei said the company had lowered its target for contracted sales to 401,000 square metres from an original 707,000 sqmetres.

21 Aug 2008 - 12:00am

Results

Today Final: Beijing Jingkelong

Tomorrow Interim: Golden Harvest Entertainment (Holdings), Sinotronics Holdings, Wonderful World Holdings

24 Mar 2008 - 12:00am

Results

Today Final: Shenzhou International Group Holdings

March 24 Final: Beijing Jingkelong

March 25 Interim: Golden Harvest Entertainment (Holdings), Sinotronics Holdings, Wonderful World Holdings

22 Mar 2008 - 12:00am

Results

Today Final: Changan Minsheng APLL Logistics

Tomorrow Final: Shenzhou International Group Holdings

March 24 Final: Beijing Jingkelong

March 25 Interim: Golden Harvest Entertainment (Holdings), Sinotronics Holdings, Wonderful World Holdings

21 Mar 2008 - 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

Unable to sell, tycoon investors are left counting their losses

The market slump is taking its toll on the investments of Li Ka-shing, Lee Shau-kee, Cheng Yu-tung and their fellow Hong Kong tycoons in new share offerings - because, as cornerstone investors, they are bound by lock-up agreements to keep the shares for up to three years.

23 Jan 2008 - 12:00am

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