05.24
Prudential to invest over $ 500 Million in Buyout Fund China. Prudential Financial said that they would invest $ 500 million in a buyout fund that is controlled by a conglomerate that is Fosun Group in China. This investment along with the start dibukannya opportunities for foreign companies to do private equity transactions in the country. Steps such investment was previously started by Carlyle Group and Blackstone Group in 2010. This investment cooperation as well as giving an indication that the market and China's economic prospects in the future will remain strong and grow.
Fosun Group is a conglomerate group in China that have been set up in 1994 by four graduates of Fudan university. Fosun success starts from the sale of their apartment in 1999 at the time they are able to sell 8 units in 2 hours and get foreign buyers even when the building was not yet completed. Since then, this group continues to spread to various industries especially the pharmaceutical industry, property, financial services and strategic investment. In 2007, their main business is based Fosun International's entry into Hong Kong and listed on the stock Hang Seng.
Fosun Group is a conglomerate group in China that have been set up in 1994 by four graduates of Fudan university. Fosun success starts from the sale of their apartment in 1999 at the time they are able to sell 8 units in 2 hours and get foreign buyers even when the building was not yet completed. Since then, this group continues to spread to various industries especially the pharmaceutical industry, property, financial services and strategic investment. In 2007, their main business is based Fosun International's entry into Hong Kong and listed on the stock Hang Seng.
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