Fosun Acquires Automation Solutions Provider FFT Group
* FFT is a global automated and flexible turn-key solutions provider for production systems based in Fulda,Germany * FFT's customers include numerous German and international OEMs and tier 1 suppliers in the automotive industry, as well as renowned makers in other industries such as white goo...
Fosun International Unveils Asia Pacific's First Atlantis Resort in Sanya, China
SANYA, China, April 29, 2018 /PRNewswire/ -- China's first Atlantis resort in the city of Sanya has officially opened, culminating four years of anticipation for aCNY 11 billon (close to US Dollar two billion) project, developed by owning company - Fosun International and managed by reputable and...
Fosun International Announces 2017 Annual Results
2017 FINANCIAL RESULTS HIGHLIGHTS: * Revenue increases 19% to RMB 88.03bn, net profit jumps 28% to RMB13.16bn * Strong results driven by core operations, turnaround success and disciplined asset allocation * >100 investments, >50 divestments and 10 IPOs * Adjusted Net Asset Value jumps 28%...
Fosun International and HSBC Sign Strategic Cooperation Agreement
SHANGHAI, March 26, 2018 /PRNewswire/ -- Fosun International Limited ("Fosun International") (00656:HK) and The Hongkong and Shanghai Banking Corporation Limited ("HSBC") today signed a strategic cooperation agreement ("the Agreement"), providing strong support for the future growth strategy of F...
Fosun to acquire Brazilian firm Guide Investimentos
HONG KONG, Feb. 27, 2018 /PRNewswire/ -- Fosun, one of the world's leading family-focused multinational companies,signed on Feburary 26 (Brazilian local time) an agreement to acquire Guide Investimentos, a fast-growing Brazilian institutional brokerage and wealth management firm based in Sao Pa...
Fosun Becomes Majority Shareholder of French Luxury Brand Lanvin
PARIS, Feb. 22, 2018 /PRNewswire/ -- Fosun International Limited (SEHK stock code: 00656) ("Fosun International") and its subsidiaries (together "Fosun") announced the acquisition of a controlling stake in Jeanne Lanvin SAS (d/b/a "Lanvin"), the oldest luxury couture house inFrance still in exist...
Arix Bioscience and Fosun International sign strategic agreement to develop and commercialise new clinical therapies for patients
LONDON and HONG KONG, Feb. 19, 2018 /PRNewswire/ -- Arix Bioscience plc (LSE:ARIX) ("Arix Bioscience" or the "Company"), a global healthcare and life science company building and financing innovative young medical businesses and Fosun International Limited (00656:HK) ("Fosun"), jointly announce a...
Fosun to Acquire 17.99% in Tsingtao Brewery for HK$6.6bn
* Tsingtao is a leading brewery in China, the largest brewery market in the world * Fosun acquires 243m shares for HKD27.22 per share from Asahi Group * Fosun becomes 2nd largest shareholder * Tsingtao will leverage the consumption upgrade trend and take a leading role in the brewery...
/C O R R E C T I O N -- Fosun International Limited/
In the news release, Fosun International Successfully Priced 300 Million USD Bond, issued29-Nov-2017 by Fosun International Limited over PR Newswire, we are advised by the company that the second paragraph, first sentence, should read "final orders standing atUS$725 million" rather than "final or...
InsurTech Conference by Fosun Gains Global Reputation in Its Second Year
SHANGHAI, Nov. 21, 2017 /PRNewswire/ -- Today Fosun Group convened the 2nd Global Insurtech Innovation Conference (GIIC) inShanghai, which has been widely recognized as one of the most influential global events of its kind. In November last year, under the name of Global Insurtech Innovation Foru...
Fosun's invested company Millennium BCP Signs Agreement with UnionPay International to Be First European Issuer of UnionPay Cards in Europe
SHANGHAI, Nov. 20, 2017 /PRNewswire/ -- Portugal's leading private bank Millennium BCP andChina's leading national electronic payments clearing system UnionPay today signed an agreement to develop their mutual businesses together through a long-term relationship at the Bund Global Financial Summi...
Fosun Announces Strategic Investment into Israel's BondIT
Fosun's Partnership will Bring AI to China's Fixed Income Market and Accelerate BondIT's Global Growth SHANGHAI and Herzliya, Israel, Oct. 27, 2017 /PRNewswire/ -- Fosun Group ("Fosun" or the "Group") announced today a strategic investment ofUS$14.25 million into Israeli FinTech company, BondIT....
Fosun's joint-venture Nanjing Nangang completes acquisition of leading German automotive supplier Koller Beteiligungs GmbH
Fosun's first overseas investment in the industrial sector SHANGHAI, Aug. 3, 2017 /PRNewswire/ -- Fosun and its joint venture Nanjing Nangang Iron & Steel United Co. Ltd. (Nanjing Nangang) today announced it has completed the acquisition of a majority stake in Koller Beteiligungs GmbH (Koller), ...
Sanyuan and Fosun enter exclusive discussions to jointly acquire St-Hubert, a century-old healthy food company
SHANGHAI, July 28, 2017 /PRNewswire/ -- On July 25, 2017, Beijing Sanyuan Foods Co., Ltd. ("Sanyuan") and Fosun Group ("Fosun") (together the "Purchaser") signed a series of transaction documents with Montagu IV FPCI and others (the "Seller") to propose to acquire 100% equity interest in Brassica...
Club Med, more premium, global and digital: new record for the Winter 2017 season and growth for the summer season
NICE, France, June 27, 2017 /PRNewswire/ -- Club Med's Opio Resort near Nice inFrance reopened last week. Henri Giscard d'Estaing, President of Club Med, shared the company's recent results and the new development strategy at the opening ceremony. As one of the core portfolio companies of Fosu...
Fosun and Hauck & Aufhauser Privatbankiers are key partners of the G20 Young Entrepreneurs' Alliance (G20 YEA) Summit to promote the Protechting program
BERLIN, June 16, 2017 /PRNewswire/ -- * As key partners of the G20 YEA, Fosun Group and German private bank Hauck & Aufhauser Privatbankiers show their support to young entrepreneurs and innovation * Ms. Lan Kang, representing Fosun Group, delivered an inspiring speech to encourage young ...
Fosun International Limited: A Letter to Shareholders
HONG KONG, March 29, 2017 /PRNewswire/ -- Fosun International Limited issued a letter to all shareholders of Fosun, the full letter is as follows: To all shareholders of Fosun: Fosun will celebrate its 25th anniversary in 2017. Every Fosuner and I would like to express our thanks to you all for...
Fosun's Investment Philosophy Comprehensively Manifested Further Deepen Fosun's Globalization Strategy
HONG KONG, Aug. 31, 2016 /PRNewswire/ -- Fosun International Limited (which, together with its subsidiaries, is collectively referred to as "Fosun" or the "Group", SEHK stock code: 00656) today announced its interim results for the first half of 2016. As at30 June 2016, Fosun's total assets amoun...
Fosun Acquires Entire Stake in Israel's Dead Sea Mineral Skincare Brand AHAVA
JERUSALEM, April 11, 2016 /PRNewswire/ -- China's leading investment group Fosun Group ("Fosun") and Gaon Holdings, representing the shareholders of AHAVA Dead Sea Laboratories Ltd. ("AHAVA"), jointly announced and signed an agreement, in David Citadel Jerusalem, over the acquisition of a 100% eq...
Fosun: Profit from Insurance Business Grew Rapidly; Two-thirds of Assets Belong to Wealth, Health and Happiness Businesses
HONG KONG, March 31, 2016 /PRNewswire/ -- Fosun International Limited (which, together with its subsidiaries, collectively referred to as "Fosun" or the "Group", SEHK stock code: 00656) today announced its annual results for 2015. As at31 December 2015, Fosun's total assets amounted to RMB405.3 b...
