News Asia26 Oct 2022

China:Fosun International to sell assets worth up to US$11bn to raise funds

26 Oct 2022

Fosun International, one of China's largest non-state conglomerates and majority shareholder of Hong Kong-headquartered Peak Re, has told analysts that it's targeting to sell as much as $11bn of assets within the next 12 months, amid efforts to bolster both its balance sheet and investor confidence, according to a Bloomberg report.

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