Sunday, 24 June 2007

Fosun Plans a $1.4 Billion IPO, Draws Li Ka-shing, People Familiar Say

(Bloomberg) -- Fosun International Ltd. is raising
as much as HK$10.85 billion ($1.39 billion) in an initial public
offering whose investors include Hong Kong billionaire Li Ka-
shing, said people with direct knowledge of the matter.

The Shanghai-based company, whose businesses range from
steel to financial services, is offering 1.25 billion shares in
Hong Kong at HK$6.48 to HK$8.68 each, the three people said,
declining to be identified as the information isn't public.


Read more at Bloomberg Emerging Markets News

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