Fosun International Ltd (0656.HK)
15 Jun 2018
Wed, May 2 2018
SANYA, China/SHANGHAI, May 2 Fosun International Ltd's tourism arm is hunting for more overseas deals to grow its leisure vacation business, the unit's chief told Reuters, adding that a recent crackdown on conglomerates' was actually helping the firm.
SANYA, China China's Fosun International Ltd on Saturday launched its Atlantis Sanya luxury resort in a $1.74 billion bet that the sail-shaped development will become an icon in Hainan - China's Hawaii - and a beacon to both domestic and foreign tourists.
* In line with govt plans to develop modern tourism business (Adds details)
(Corrects Fortis' PE ratio to 36.55 from 484 and that of Apollo to 39.52 from 72 in paragraph 16 in story from April 18)
* Fortis says Fosun offered up to $350 mln for under 25 pct stake
Cash-strapped Fortis Healthcare Ltd said Fosun International Ltd has offered to invest up to $350 million, making the Chinese firm the fourth suitor aiming to tap soaring demand for private healthcare in India.
April 17 India's Fortis Healthcare Ltd , the target of two rival takeover bids, has received an unsolicited offer from Chinese conglomerate Fosun International for an investment of up to $350 million.
HONG KONG Acquisitive Chinese conglomerate Fosun International, which owns Club Med and a stake in Cirque du Soleil within its broad portfolio, aims to invest at least 20 billion yuan ($3.2 billion) in technology in the next three years.
* Fosun's investment in tech to reach 100 bln yuan in 10 years
HONG KONG, March 28 Acquisitive Chinese conglomerate Fosun International, which owns Club Med and a stake in Cirque du Soleil within its broad portfolio, said on Wednesday it aims to invest 20 billion yuan ($3.19 billion) in technology in the next three years.