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Article: Fosun Group to IPO on Hong Kong Stock Exchange July.
- Article from:
- China Business News
- Article date:
- May 24, 2007
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Fosun Group to IPO on Hong Kong Stock Exchange July
Shanghai. May 24. INTERFAX-CHINA - Fosun Group, one of the largest privately-owned conglomerates in mainland China, will launch an initial public offering on the Hong Kong Stock Exchange in July, a company official told Interfax today.
"We have submitted an IPO application for Fosun Group to the Hong Kong Stock Exchange," an investment department official, who wished to remain anonymous, from subsidiary Fosun Pharmaceutical Co. Ltd., said. Fosun Pharma, which is listed in Shanghai, has experienced rapid growth over the past few years.
The official said the company hoped to raise $1 billion from ...