Fosun Tourism Tag

28 Mar Chinese conglomerate Fosun International to accelerate asset sales as deleveraging campaign boosts financial profile

Fosun International, one of China’s largest private sector conglomerates, will hasten its exits from noncore businesses to lower its indebtedness and focus on its cash-flow generating assets in a bid to sustain its turnaround.The company, whose businesses span a wide range of industries including tourism,...