Fosun halts HK trading ahead of announcement

By Agence France-Presse

Oct 19, 2022 12:11 am

HONG KONG: Fosun halted stock trading in Hong Kong on Monday, ahead of an upcoming announcement in what Bloomberg News reported would be the sale of its stake in a steel company to raise much-needed liquidity.

Fosun is one of China's largest private-sector conglomerates with a sprawling empire that includes pharmaceuticals, real estate, tourism and finance.

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