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People's Daily Online>>China Business

Fosun plans HK IPO

By Tu Lei (Global Times)

10:09, January 09, 2012

A $600-800 million initial public offering (IPO) by China's Fosun Pharmaceutical is set to hit the Hong Kong market in March, Reuters reported over the weekend.

The Shanghai-listed company, one of the subsidiaries of Fosun International, plans to sell not more than 20 percent of its enlarged share capital for the Hong Kong IPO.

HK Airlines buys A380

Airbus and Hong Kong Airlines have struck a deal worth about $3.8 billion at list prices to buy 10 superjumbo A380 jets, AFP reported over the weekend.

The European aircraft manufacturer plans to deliver the first A380 to the Chinese airline in 2015.

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