Winners Announced at the Web Summit in Lisbon -- CRIAM, CopSonic and Wall-i are the winners of Protechting 3.0
LISBON, Portugal, Nov. 9, 2018 /PRNewswire/ -- CRIAM, CopSonic and Wall-i are the three winners of Protechting, the startup acceleration program developed by Fosun and its portfolio companies Fidelidade (the largest Portuguese insurance company), Luz Saúde (one of the largest Portuguese pri...
Fosun Completes the Acquisition of Guide Investimentos
Central Bank of Brazil approved the negotiation announced last year SAO PAULO, Nov. 6, 2018 /PRNewswire/ -- Fosun announces the conclusion of the acquisition of 69.14% of Guide Investimentos, after the approval of the Central Bank ofBrazil. Under the agreement, Fosun paid R$ 167.9 million, with a...
Fosun International and Natixis Sign Strategic Cooperation Agreement
SHANGHAI, Oct. 16, 2018 /PRNewswire/ -- Fosun International Limited ("Fosun International") (00656:HK) announced that it signed a strategic cooperation agreement ("the Agreement") with Natixis today with the two parties committing to work together to support the future development strategy of Fos...
Fosun International Announces 2018 Interim Results: Driving business with technology at full steam
HONG KONG, Aug. 29, 2018 /PRNewswire/ -- On 28th August, Fosun International (Stock code: 00656.HK) announced its 2018 interim results. During the reporting period, the company achieved steady growth and reported revenue ofRMB43.51 billion, increased by 20% year-on-year; the company's profitabili...
Fosun International announces 2018 Interim Results: Steady growth, continuously deepening its global operations
HONG KONG, Aug. 29, 2018 /PRNewswire/ -- Fosun International Limited (stock code: 00656.HK) announced its 2018 interim results inHong Kong. During the reporting period, the Company delivered steady growth, with revenue increased 20% year-on-year toRMB 43.51 billion; the profitability of the Compa...
Fosun International Reports 1H 2018 Financial Results
HONG KONG and SHANGHAI, Aug. 28, 2018 /PRNewswire/ -- 1H 2018 FINANCIAL HIGHLIGHTS: * Net profit increases 17% to RMB 6.86 billion, six years of consecutive rapid growth * Pro-forma net profit increases 41% to RMB 8.29 billion (under previous accounting standards) * Focused on health and ...
Fosun Announces Strategic Investment into Israeli FinTech Platform The Floor
Fosun's Partnership will Promote The Floor's Unique Platform to Asia's Financial Industry and Accelerate its Global Business Expansion SHANGHAI and TEL AVIV, Isreal, Aug. 16, 2018 /PRNewswire/ -- Fosun and Fosun Hani Securities Limited ("Fosun Hani") jointly announced a strategic investment o...
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), ...
