How long will Fosun exit from a Post-IPO project?
Since Post-IPOs are all listed assets with good liquidity, it’s quite flexible for Fosun to dispose or increase these stakes. The exact decision will mainly depend on the market valuation and the operation of the invested companies. 8. Some listed companies unveiled recently that they have incurred heavy losses stemming from their exposures to derivative products relating to foreign currency swaps. Has your company been engaged in products of this nature? As at 27 October, 2008, Fosun International at the Group level has no exposure to this kind of high-risk leveraged derivative financial instruments. Individual subsidiaries of Fosun have entered into a small amount of forward foreign currency contracts to meet their import/export needs out of their normal business operations involving amounts aggregating no more than 1% of the Group’s revenue for the first half, bearing insignificant impact to the Group as a whole.(Based on current estimation, aggregated amount of such contracts accou
