Fosun International, the aggressive Chinese conglomerate that owns Club Med and part of Cirque du Soleil, reassured investors on Thursday that it was in good standing with regulators in China following a clampdown on private overseas dealmaking this year, the Financial Times reports. The company has complied with all regulations in China and overseas and has never been under investigation by authorities in China, chief executive Wang Qunbin told media. However, Wang said regulators were monitoring some corporations with close ties to the financial sector. Fosun has grabbed attention in recent years for its global dealmaking spree that has seen it buy up financial institutions in Europe and the US while also chasing deals for a pharmaceutical group in India and a margarine company in France. But more recently the company and its flamboyant chairman Guo Guangchang are known to have attracted scrutiny from regulators unhappy with Chinese groups taking on high levels of debt to buy overseas assets.
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