fosun-offers-ashare-exposure-to-foreign-investors

Fosun offers A-share exposure to foreign investors

The Chinese conglomerate with investments in steel, property and pharmaceuticals seeks to raise up to $1.4 billion.
Even in the midst of the flurry of Chinese companies tapping the IPO market in Hong Kong at the moment, Fosun InternationalÆs up to $1.4 billion offering stands out as something of a rarity.

A Mainland conglomerate with several listed companies in its portfolio, the IPO candidate belongs to a breed of companies which - with a few notable exceptions such as the Cheung Kong group - has lagged the broader market performance in recent years as investors have preferred to create their own portfolios. The idea has been that by buying the listed subsidiaries directly, they would be able to avoid the holding company discount typically associated with these types of companies.

The conglomerate...
¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222