Fosun’s Dollar Bonds Drop over 15% to Near 50 Cents on the Dollar
Fosun International’s dollar bonds plunged over 15% on Monday. Its bonds with maturities beyond 2025 have now sunk to near distressed levels of 50 cents on the dollar. The fall highlights investors’ concerns about the conglomerate’s ability to repay large...
Fosun International Offers to Buy Offshore Bonds
China’s Fosun International is offering to purchase two offshore notes after launching a tender offer for a €384.2mn ($403mn) bond due October 9 and a $379.8mn dollar bond due August 2023, as per sources. The news comes just days after after Moody’s put the...
Fosun Reports 26% Profit Jump in 2021
Fosun International reported a 26% jump in its annual 2021 profits to RMB 10.1bn ($1.6bn). Its revenues rose 18% to RMB 161.29bn ($25.4bn). The Chinese multinational conglomerate’s results improved across all its divisions, led by its ‘Happiness’...
