Hong Kong-listed Fosun International has entered into a share subscription agreement with Beijing-based Sanyuan Foods Co., Ltd. to acquire a 20.45% stake of the company for RMB$2 billion ($325 million), according to a company announcement. Fosun will subscribe 306 million ordinary A shares at RMB6.53 apiece via its subsidiary Shanghai Pingrun Investment Management and Shanghai […]

Visit ChinaMoneyNetwork.com for more great China Money Podcast audio and video Internet episodes covering important investment news and financial events in China, as well as daily news updates on important China business news happenings. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.

Visit the original source and full text: China Money Network