Fosun to Acquire 17.99% in Tsingtao Brewery for HK$6.6bn
Fosun International Limited and its subsidiaries (together "Fosun") announced today the signing of an agreement with Asahi Group Holdings, Ltd. to acquire 243,108,236 H-shares in Tsingtao Brewery Company Limited for HKD27.22 per share. The total consideration of approximately HKD6.6bn will upon completion, see Fosun owning approximately 17.99% in the total issued shares in Tsingtao.
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People's Daily: Fosun’s Overseas Business Model Enables Recognition from Both at Home and Abroad
People's Daily, China’s most influential daily newspaper, published an article - Recognition Shall Be Received both at Home and Abroad. This article has cited two cases of Fosun’s overseas business expansion in recent years. Therefore, the cases showed the innovative ways for Chinese enterprises to go global and respond to the Belt and Road
initiative
. It also emphasized that “going out” plan cannot be fully implemented without the domestic policy support and guidance, and the internationalization process without domestic foundation won’t go further.
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Frenship 2.0 Fosun Happiness Paris – One Fosun’s Amazing Gathering Under the Eiffel Tower in Paris!
On 13 December in Paris, France, Fosun co-organized the “Frenship 2.0 Fosun Happiness Paris” with its portfolio company, the world’s premier resort operator, Club Med. Guests were treated to a high energy Club Med themed event that provided networking opportunities in a relaxed atmosphere.
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Hauck & Aufhäuser Successfully Takes Over Luxembourg Business from Sal. Oppenheim
Hauck & Aufhäuser is the new owner of the former Deutsche Bank Group companies, strong branded Sal. Oppenheim jr. & Cie. Luxembourg and Oppenheim Asset Management Services. The responsible supervisory authorities gave the go-ahead for the takeover of the white label platform, which enables asset managers in particular to launch their own funds.
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Fidelidade Presents Exclusive Services to the Chinese Community
The Fidelidade Group will promote the meeting "Together we grow better", next November 25, in the space Chiado8, with the aim of bringing the insurer closer to the Chinese community residing in Portugal and to make known the offer of personalized value, especially aimed at the Chinese population and which Fidelidade will make available, as part of its partnership with Fosun.
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Isabel Vaz Distinguished with "P
rémio
Maria de Lourdes Pintasilgo"
The award 'Prémio Maria de Lourdes Pintasilgo 2017', promoted by Instituto Superior Técnico (IST), was granted to Isabel Vaz, Grupo Luz Saúde CEO. The jury considered “the professional and social trajectory” of Isabel Vaz, “from her graduation in Chemical Engineering at IST to her present position as CEO of Grupo Luz Saúde, considering as well how her example shows the multiplicity of competences acquired in the education at IST”.
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China's $189 Billion Giant of Finance Reveals a Huge Bet on Tech
These days, every big finance company worth its salt is finding ways to boost its bottom line with technology. Few are going quite as far as
Ping An Insurance (Group) Co.
Over the past decade, the Chinese behemoth has invested billions in technology to make its insurance, lending and asset management businesses more competitive.
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Keeping Pace With the Changing Chinese Consumer
China's consumers haven't been this confident in two decades. Thanks to economic policies aimed at boosting less-developed regions as well as other reforms, wages are rising, growth is robust and the yuan is having its best year against the dollar since 2011.
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Hatching Beijing’s Next Big Food Idea
China’s obsession with food makes it a particularly appetizing destination for aspiring restaurant owners. Although it has a huge consumer base and many discerning pallets in big cities are turning to international or fusion cuisine, the market is also fraught potential pitfalls.
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My Years with MIG, AmeriTrust and Fosun
By Kenn Allen, President & CEO, AmeriTrust, a Fosun Subsidiary
Over 62 years ago, a very young, real estate agent, purchased an insignificant personal lines retail insurance agency. That young man was Merton J. Segal and the agency was Meadowbrook. Over the years the company expanded into insurance carrier operations.
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Fosun Times is the bi-weekly publication of Fosun Group. Founded in Shanghai, Fosun has a finger on China’s pulse with a extraordinary understanding of global business trends, and the evolving changes of the middle class consumers. Fosun Times features selective business stories in the world’s new economy, glocal competition, the artistic anecdotes from different local market around the world.
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