13 May 2015, Hong Kong – L.R. Capital, a Hong Kong-based global investment and alternative asset management company announced its US$ 10 million investment in H-share placement by Fosun International (656.HK) today.
On 12 May, Fosun International Limited (656.HK) announced that it planned to place 465 million shares at HK$20 per share, expecting to raise US$1.2 billion or 6.21% of enlarged issued share capital. The offer price is at 4.53% discount to the latest closing price of HK$20.93.
Jack Ma, founder of Alibaba and Pony Ma, chairman of Tecent, had total investmnet of US$ 200 million in Foson International Fosun International is one of China’s largest privately-held investment groups with a 20 year investment track record. The group is organised into four business areas: industrial operations (China property, steel, mining and pharma); investments (Yuyuan, Club Med, Folli Follie and Minsheng); asset management; and insurance.Benefit from the demand of consumption, investment and urbanization brought by Chinese large population base, Fosun has been ranked top 100 company in China for many years and each business areas have ranked top 10 in its industry.