Corporate Chinese maybe under pressure from its government to slow down overseas investment. But that isn’t stopping Fosun Group, led by Guo Guangchang, which in little over a week has agreed to acquire nearly a quarter of a billion dollars in foreign assets. The latest buy for the Shanghai-based conglomerate is a controlling stake in Austrian luxury lingerie and leg-wear company Wolford for €55 million (US$67.5 million) from its founders. Under the agreement, Fosun will make an offer to Wolford’s …

China’s Fosun Continues Buying Spree Despite Government Crackdown appeared first on China Money Network.


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