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Troubled Fosun offloads stakes in 4 firms for 6.7b yuan; Conglomerate steps up asset sales and plans to use proceeds to bolster working capital

Authors :
Bray, Chad
Source :
South China Morning Post (Hong Kong). January 7, 2023
Publication Year :
2023

Abstract

Chinese conglomerate Fosun International has agreed to sell its stakes in four companies for a combined 6.7 billion yuan (HK$7.6 billion) in the latest series of asset disposals by the [...]

Details

Language :
English
ISSN :
10216731
Database :
Gale General OneFile
Journal :
South China Morning Post (Hong Kong)
Publication Type :
News
Accession number :
edsgcl.732481194