Fosun Received “Outstanding Listed Company Award 2013”
(Hong Kong, 29 November 2013) Fosun International Limited (together with its subsidiaries, “Fosun” or the “Group”, HKEx stock code: 00656) received “Outstanding Listed Company Award 2013” last evening, by the Hong Kong Institute of Financial Analysts and Professional Commentators Limited ("IFAPC"), in recognition of Fosun’s outstanding performance and many business development highlights throughout the year, as well as endorsing its strong potential in the investment market as a listed company.
IFAPC is a professional institute founded by Hong Kong's renowned financial professionals. IFAPC, consisting of members from the securities, mutual funds and accounting industries, has a strong influence on the investment community in Hong Kong, especially among retail investors. To improve transparency and facilitate better services and development of the industry, IFAPC has inaugurated the organization of this “Outstanding Listed Company Award” in recognition of the outstanding performances and potential of companies listed in Hong Kong and their care for interests of minority shareholders and investors. This year’s awardees include Cheung Kong Holdings Ltd (HKEx stock code: 0001), Hong Kong & China Gas Co Ltd (HKEx stock code: 0003), New World Development Co Ltd (HKEx stock code: 0017), China Resources Enterprise Ltd (HKEx stock code: 0291), NWS Holdings Ltd (HKEx stock code: 0659) and other reputable listed companies.
IFAPC indicated that, “We would like to present to Fosun this award in recognition of the Group’s outstanding performance and numerous business development highlights throughout 2013, including successful implementation of its globalization strategy. Fosun added this year cases of successful international investments including St. John, Alma Lasers and Atlantis following its successful international investments in Club Med and Folli Follie. Fosun has also successfully developed an insurance platform, seeking to improve its capital structure and easily access to high quality mid-to-long-term capital, from which insurance-float-funded investment model will take off. This strategy has also earned Fosun the reputation of ‘Berkshire Hathaway in China’. In addition, Fosun saw solid accomplishments in its ‘embracing the Internet strategy’, including completion of the privatization of Focus Media, its investment in Perfect World, and its successful participation in the China Smart Logistics Network (CSN) – ‘Cainiao’ Company by joining forces with Alibaba. All these reinforced market confidence in Fosun’s growth prospects. Serving the new model of urbanization promulgated by the new leadership of the Central Government in China, Fosun pioneered innovative modes of value investing in the property segment. With the launches of many new projects including Starcastle, Club Med Guilin, etc., Fosun’s capability to make timely investment based on its responsiveness, sensitivity to and awareness of the China’s government policies and economic momentum has been validated once again.”
Fosun is pleased to have received the “Outstanding Listed Company Award 2013” by IFAPC. The award represents endorsements of the market and the investment community towards Fosun’s efforts in the past year. Fosun continues to apply its investment model of “combining China’s growth momentum with global resources” and strives to become a China expertise with global capacity. In the past 21 years, Fosun has been capitalizing on China’s fundamental growth and achieved rapid development. In the future, Fosun will embrace the investment opportunities brought about from the changing lifestyles of the middle class in China, combine domestic and global resources, seek innovations in investments, whilst fostering a better China and adhering to its philosophy of value investment, with a view to marking a major step forward towards becoming “a premium investment group with a focus on China’s growth momentum”.