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13

Fosun to Raise $1.5 Billion to Finance Acquisitions

By Tony Seruga

HONG KONG — Fosun International, the Chinese conglomerate, said on Friday that it planned to raise up to 11.7 billion Hong Kong dollars, or $1.5 billion, by issuing rights shares to pay for deals in the banking and insurance industry.

The investment company, which is listed in Hong Kong and controlled by the Chinese billionaire Guo Guangchang, said it would issue up to 871.32 million shares at 13.42 Hong Kong dollars, or $1.73, a share…

Fosun to Raise $1.5 Billion to Finance Acquisitions

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