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...
Fosun Intends to Increase Stake in the Leading German Fashion and Lifestyle Brand TOM TAILOR Holding AG to Up to 30%
HONG KONG, Jan. 8, 2016 /PRNewswire/ -- Fosun International Limited (HKEx stock code: 00656), intends to increase its stake in TOM TAILOR Holding AG (TOM TAILOR GROUP) to more than 25%, but below 30%. To this end, Fosun has entered into an arrangement with a private seller, pursuant to which addi...
Fosun Completes Acquisition of the Remaining Interest in Ironshore
HONG KONG, Nov. 23, 2015 /PRNewswire/ -- Ironshore Inc. ("Ironshore") and Fosun International Limited (HKEx stock code: 00656, together with its subsidiaries, "Fosun") announced today that Fosun has completed the acquisition of the remaining 80% equity interest in Ironshore. Fosun has rec...
Fosun Eurasia Launches Operations in Russia, Expanding Fosun's Global Asset Management and Advisory Platform
HONG KONG, Oct. 27, 2015 /PRNewswire/ -- On October 27, Fosun Group announced the launch of Fosun Eurasia Capital LLC inMoscow (hereinafter referred to as "Fosun Eurasia"), a key integrated financial platform for Fosun's investment and asset management advisory businesses inRussia and neighbourin...
Fosun Eurasia Launches Operations in Russia, Expanding Fosun's Global Asset Management and Advisory Platform
MOSCOW, Oct. 27, 2015 /PRNewswire/ -- On October 27, Fosun Group announced the launch of Fosun Eurasia Capital LLC inMoscow (hereinafter referred to as "Fosun Eurasia"), a key integrated financial platform for Fosun's investment and asset management advisory businesses inRussia and neighbouring c...
Fosun's "Insurance + Investment" Model Achieves Unparalleled Success
HONG KONG, Aug. 31, 2015 /PRNewswire/ -- Fosun International Limited (together with its subsidiaries, "Fosun" or the "Group", SEHK stock code: 00656) announced its interim results for 2015. For the six months ended30 June 2015, Fosun's net assets attributable to owners of the parent reachedRMB63....
Fosun to Acquire Meadowbrook Insurance Group, Inc.
HONG KONG and SOUTHFIELD, Mich., Dec. 31, 2014 /PRNewswire/ -- Fosun International Limited (HKEx stock code: 00656, together with its subsidiaries, "Fosun") and Meadowbrook Insurance Group, Inc. (NYSE: MIG) ("Meadowbrook"), today announced that they have entered into a definitive agreement under ...
