The logo of Chinese conglomerate is seen on top of a building in Beijing. Photo: AFP
The logo of Chinese conglomerate is seen on top of a building in Beijing. Photo: AFP

Fosun International to sell stakes in four companies for US$975 million

  • Shanghai-based conglomerate has been selling some assets as it faced questions about its financial strength
  • Heavily indebted Fosun International said it would use proceeds to bolster its general working capital

The logo of Chinese conglomerate is seen on top of a building in Beijing. Photo: AFP
The logo of Chinese conglomerate is seen on top of a building in Beijing. Photo: AFP
READ FULL ARTICLE