Fosun International Limited
SEHK:656
HK$ 5.15
+ HK$0.13 (2.59%)
HK$ 5.15
+ HK$0.13 (2.59%)
End-of-day quote: 05/17/2024

Fosun International Stock

About Fosun International

Fosun International Limited engages in the pharmaceuticals, property development, steel and mining businesses. The company has investments in the retail industry and financial services, as well as a series of strategic investments. The company is a subsidiary of Fosun Holdings Limited. Fosun International share price history

Business

Pharmaceuticals

The company operates its pharmaceuticals business through Fosun Pharma. With respect to pharmaceutical research, development and manufacturing, products researched, developed and manufactured by Fosun Pharma for the treatment of various diseases such as liver disease, diabetes and malaria remain leaders in their respective niche markets. With respect to pharmaceutical distribution, Sinopharm Holding, in which Fosun Pharma holds equity interest, operates the pharmaceutical distribution network in China. The major business areas of Fosun Pharma include the manufacture, research and development, distribution and retail of pharmaceuticals.

Property Development

Property Development segment engages in the development and sale of properties in Mainland China. The company operates its property development business through Forte. Apart from Shanghai, Forte have property development operations in other major cities across China, including Beijing, Tianjin, Nanjing, Chongqing, Wuhan, Wuxi, Hangzhou, Xi’an, Changchun and Chengdu. During early 2009, Forte had a total of 34 projects under development (including projects undertaken by joint ventures of Forte) with an aggregate GFA of approximately 3,307,175 square meters. Fosun International share price history

Steel

The steel segment engages in the manufacture, sale and trading of iron and steel products. The company operates its steel business principally through Nanjing Steel United which has an annual production capacity of approximately 6 million tonnes. It has investments in steel companies, including Jianlong Group and Ningbo Steel. Its main products are medium and heavy plates with established branding advantages in various segments such as plates for shipbuilding, plates for oil pipelines and structural steel for wind power generators.

Mining

The company, through its subsidiary Hainan Mining, owns iron-rich ore mine and operates businesses, such as iron ore mining and trading. It also invested in other iron ore companies, such as Jin’an Mining and Huaxia Mining and in other resources, such as coking coal, molybdenum and gold.

Retail, Financial Services and Strategic Investments

The company has a 17.3% interest in Yuyuan retail business. Yuyuan specializes in gold and jewellery wholesale and retail, as well as catering business. The company’s other significant investments include Tebon Securities and Yong’an Insurance, both of which are engaged in financial services. It owns 16.9% equity interest in Focus Media.

Acquisitions

In 2008, the company acquired a 55% equity interest in Zunyi County Shiji Nonferrous Metal Limited Liability Company.

In 2008, the company acquired Hongshan Mining and Metal Co., Ltd. (Hongshan Mining) through a subsidiary, Hainan Mining United Co., Ltd.

History

Fosun International Limited was founded in 1992.

Country
Industry:
Founded:
1992
IPO Date:
07/16/2007
ISIN Number:
I_HK0656038673

Contact Details

Address:
ICBC Tower, Room 808, 3 Garden Road, Central Hong Kong
Phone Number
852 2509 3228

Key Executives

CEO:
Data Unavailable
CFO
Gong, Ping
COO:
Data Unavailable