Fosun International Limited
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| Fosun International 复星国际 |
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| Type | Privately held company |
| Founded | 1992 |
| Founder | Mr. Guo Guangchang |
| Headquarters |  Shanghai, China |
| Area served | People's Republic of China |
| Key people | Chairman and CEO: Mr. Guo Guangchang |
| Industry | Conglomerate |
| Website | Fosun International Limited |
Fosun International Limited (Traditional Chinese:復星國際有限公司, Simplified Chinese:复星国际有限公司) (SEHK: 656), shortly Fosun or Fosun International, is the largest private-owned conglomerate in Mainland China[1], headquartered in Shanghai but incorporated in Hong Kong. It has another name of "Shanghai's Hutchison Whampoa" (上海和黃).
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[edit] History
Fosun Group was founded by four university graduates from the Fudan University in 1994, and they are Guo Guangchang (郭广昌), Liang Xinjun (梁信军), Wang Qunbin (汪群斌) and Fan Wei (范伟). In 2004, its parent company, Fosun International, was established in Hong Kong. Fosun International was listed in Hong Kong in 2007.[2]
The chairman and chief executive officer of the company is Mr. Guo Guangchang.
[edit] Businesses
Fosun's businesses cover steel, property, pharmaceutical, retailing, financial service and strategic investments with many subsidiary companies in each business.
Steel Business
- Nanjing Steel United
- Jianlong Group
- Ningbo Iron and Steel Company
- Hainan Mining United
Property Business
Pharmaceutical Business
- Fosun Pharmaceutical
- Sinopharm Medicine Holding
Retailing Business
- Yuyuan Tourist Mart
Financial service and strategic investments Business
- Tebon Securities
- Zhaojin Mining
[edit] Listed in Hong Kong
Fosun was listed in the Hong Kong Stock Exchange in 16 July 2007 and it invited totally 11 entrepreneurs and enterprises as its strategic investors, including:
- Cheung Kong Holdings's Li Ka Shing
- Henderson Land's Lee Shau Kee
- Sun Hung Kai Properties's Kwok's Brothers
- Chinese Estates Group's Joseph Lau
- Dickson Poon's Family
- Kerry Holdings' Robert Kuok
- Pacific Insurance
- China Life Insurance
- American International Group (AIG)
- Government of Singapore Investment Corporation (GIC)
- First State Investments
Another entrepreneurs, such as Chinachem Group, Bank of East Asia and Wharf Holdings' Peter Woo also took part in buying Fosun's IPO stocks.[3]
[edit] Results
On 17 September 2007, Fosun International announced the net profit was 826.6 million Renminbi in the first half of 2007, an increase of 98.9% as compared with the corresponding period last year.[4]
[edit] Company Links
- Fosun International Limited
- Nanjing Steel United
- Jianlong Group
- Ningbo Iron and Steel
- Forte Land
- Fosun Pharmaceutical
- Sinopharm Medicine Holding
- Yuyuan Tourist Mart
- Tebon Securities
- Zhaojin Gold
