28 Mar Chinese conglomerate Fosun International to accelerate asset sales as deleveraging campaign boosts financial profile
Posted at 07:46h
in Asia
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,...