FOSUN INTERNATIONAL LTD


Associated tags: MSCI, Fosun International, AA, Intelligence, Happiness, Health, Club Med, Security (finance), Bank

Locations: EUROPEAN UNION, MACAU, AUSTRALIA, JAPAN, ASIA, CANADA, TAIWAN, UNITED STATES, PERU, NORTH AMERICA, CHINA, BOLIVIA, PORTUGAL, EUROPE, HONG KONG

A Detailed Look at Interim Results 2023: How did Fosun Set Sail Again After the "Perfect Storm"?

Retrieved on: 
Thursday, August 31, 2023

On 31 August, Fosun International held its 2023 interim results presentation.

Key Points: 
  • On 31 August, Fosun International held its 2023 interim results presentation.
  • The key indicator reflecting a company's endogenous growth capabilities - industrial operation profit surged 66% (excluding the effects of asset disposed) year-on-year to RMB3.37 billion.
  • In addition, on 30 June, Fosun International arranged to redeem the USD700 million offshore bond due on 2 July.
  • According to the interim results announcement, Fosun has continued to firmly push forward the implementation of the divestment of non-strategy and non-core assets in 2023.

Fosun's Ratings Affirmed by S&P, Market Bullish on Chinese Private Enterprises

Retrieved on: 
Wednesday, May 31, 2023

This move implies that with continuous efforts to optimize capital and asset base, Fosun's short-term liquidity pressure has been greatly eased and its ratings have been affirmed by international agency S&P Global Ratings.

Key Points: 
  • This move implies that with continuous efforts to optimize capital and asset base, Fosun's short-term liquidity pressure has been greatly eased and its ratings have been affirmed by international agency S&P Global Ratings.
  • Analysts believe that coupled with the recent increase in foreign investment in China and the continuous net purchase of domestic securities, S&P Global Ratings' move also revealed that the international capital market is bullish on Chinese private enterprises considering the confidence boost in the outlook of China's economic recovery.
  • At the same time, sound banking relationships enabled sufficient sources of liquidity amid turbulence in the bond market.
  • In the report issued on 30 May, S&P Global Ratings fully affirmed Fosun's sound relationships with domestic and foreign banks.

Fosun's Strategy of "Streamlining the Organization" Begins to Bear Fruit and Offshore Syndicated Loan are Launched

Retrieved on: 
Friday, May 12, 2023

The offshore syndicated loan was jointly initiated by seven banks including Bank of China, Bank of East Asia, Commerzbank, Hang Seng Bank, HSBC, Natixis Bank, and Standard Chartered Bank as lead bookrunners.

Key Points: 
  • The offshore syndicated loan was jointly initiated by seven banks including Bank of China, Bank of East Asia, Commerzbank, Hang Seng Bank, HSBC, Natixis Bank, and Standard Chartered Bank as lead bookrunners.
  • Since the formation of the syndicate, more than 10 banks have joined and banks may join through the "greenshoe option" in the next three months.
  • In January this year, Fosun's domestic entity obtained a syndicated loan of RMB12 billion.
  • Meanwhile, in the first quarter of 2023, Fosun High Technology successfully redeemed RMB5.93 billion bond in the domestic open market.

International Healthcare Week returns to showcase Hong Kong's strengths in healthcare innovation and investment

Retrieved on: 
Thursday, May 4, 2023

"The second IHW provides the perfect opportunity to bring together the world's elite in the medical, research and financial fields in Hong Kong," she added.

Key Points: 
  • "The second IHW provides the perfect opportunity to bring together the world's elite in the medical, research and financial fields in Hong Kong," she added.
  • "Our partnerships make this event very meaningful and highlights the importance of collaboration to drive forward the healthcare industry.
  • They will discuss the latest developments in public health, medical technology and healthcare investment and explore the future of the healthcare ecosystem and opportunities within it.
  • Also on day one, the InnoHealth Showcase and exhibition area at the HKCEC will feature more than 140 healthcare start-ups.

China International Consumer Products Expo Signals the Arrival of Consumption Recovery. Fosun's Approach to Ride on the Momentum of Consumption Recovery

Retrieved on: 
Thursday, April 13, 2023

HONG KONG, Apr 13, 2023 - (ACN Newswire) - On 10 April, the third China International Consumer Products Expo (CICPE) kicked off in Haikou as scheduled.

Key Points: 
  • HONG KONG, Apr 13, 2023 - (ACN Newswire) - On 10 April, the third China International Consumer Products Expo (CICPE) kicked off in Haikou as scheduled.
  • The CICPE shows that a new round of consumption recovery may have already arrived, and new consumer trends have also emerged.
  • How will Fosun, which has many world-renowned brands and IPs, leverage its strengths to ride on the momentum?
  • Shede Spirits is presenting a number of international spirits award-winning products, including Wisdom Shede, Tunzhihu (sauce-flavored), and Shede Classic at the expo.

TA Detailed Look at Fosun International's Annual Results: Create Space to Concentrate on Core Businesses in 2022, Poised for Rebound in 2023

Retrieved on: 
Thursday, March 30, 2023

Complementing the financial figures, Guo Guangchang, Chairman of Fosun International, published a Letter to Shareholders on 29 March.

Key Points: 
  • Complementing the financial figures, Guo Guangchang, Chairman of Fosun International, published a Letter to Shareholders on 29 March.
  • In the letter, Guo Guangchang candidly responded to questions such as debt, business, and strategy that investors are highly concerned about.
  • While stepping up its efforts in the divestment of non-strategic and non-core assets, Fosun has also made continuous efforts in financing.
  • In fact, since the beginning of 2023, Fosun's businesses in consumer and tourism sectors have shown a remarkable upward trend.