rumour? Fosun? who are the asians, page-7

Hi everybody,
I just saw this post a moment ago, here is some background info on Fosun International and Fosun Gold, I dug up several months ago, when this PRC company, listed in Hong Kong and based in Shanghai, was examining the possibility of taking over Gemfields in competition with Pallinghurst SA.

Below are relevant excerpts from the various articles I downloaded at the time.  I have highlighted the key elements in red. I hope they help you in some way.

RELEVANT  EXCERPTS  from  various  articles

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Fosun International Limited

Exchange Code:  HKE:00656.
Website: http://ir.fosun.com/phoenix.zhtml?c=194273&p=irol-IRHome
Chinese international conglomerate and investment company

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https://www.miningmx.com/news/diamo...oors-china-10-gemfields-bid-premium-gets-nod/
Home News Diamonds Fosun promises China riches in 10% bid premium for Gemfields
Fosun promises China riches in 10% bid premium for Gemfields

By David McKay -  June 14, 2017

1. ‘HONG Kong-listed conglomerate Fosun International has put flesh on the bones of its potential rival offer for Gemfields saying it would pay a 10% premium over Pallinghurst Resources’ earlier buy-out offer, and that it would help open the Chinese market to the gemstones firm.’
2. ‘Fosun said it had “the financial capability and consumer expertise” to capitalise on the growing “popularity and emotional commitment” in China to jewellery and luxury goods. It had met with Gemfields management and had been “extremely impressed” with its expertise and vision for the company.’
3. ‘Fosun, founded in 1992, is invested in the UK’s nursery brand, Silver Cross and has an investment in the Thomas Cook travel group. These interests were a strategy to bridge the gap between the Chinese consumer market and quality brands in other regions of the world. It paid $887m in May for a strategic investment in Polyus Gold, one of the world’s largest gold producers.’
4. ‘ “A key element of Fosun’s strategy is to leverage Chinese and global consumer growth trends to maximise value for its investors,” it said. “Fosun sees the consumer market globally, but particularly in China, to have huge potential and has a number of consumer facing businesses that would be complementary to an investment in Gemfields.” ‘

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http://www.miningbusiness.net/content/gemfields-fosun-£2246m-bid-gemfields

MINING  BUSINESS  MEDIA  website
GEMFIELDS: FOSUN £224.6M BID FOR GEMFIELDS

Beijing, Jun 14  2017

‘Fosun Gold, part of Fosun Int’l, says the proposal is for a takeover at 40.85p per Gemfields share, a premium of 15.1% on its Tuesday close, which values Gemfields at £224.6M.’

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[  THE  FINANCIAL  TIMES  UK  PUBLICATION  ]

https://www.ft.com/content/c6518b7c-4f30-3ca6-8878-fc8a318ce0f3

Mergers & Acquisitions
China’s Fosun makes rival offer for miner Gemfields

June 14, 2017 by: Henry Sanderson

‘Last month Fosun, which is led by billionaire Guo Guangchang, took a stake in Russian gold mining company Polyus.’

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[  UK  WEBSITE  ]

http://www.*.co.uk/companies/news/1...cash-offer-from-chinas-fosun-gold-179207.html

INVESTMENT OVERVIEW
Bidding war on the cards as Gemfields receives more lucrative cash offer from China’s Fosun Gold

	Column 1
1	By Tom Howard

15:35 14 Jun 2017
Shares in Gemfields PLC (LON:GEM) boomed this morning as the ruby and emerald miner looks set to be thrust into the middle of a bidding war.
Chinese conglomerate Fosun Gold has approached miner with a more lucrative cash offer than had already been put on the table by its largest shareholder, Pallinghurst Resources.
‘Fosun – which is run by billionaire Guo Guangchang – is offering Gemfields shareholders 40.85p in cash, which values the miner at around £225mln.’

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[  UK  WEBSITE  ]

copyright link/business/2017/06/14/fosun-crashes-pallinghursts-party-224m-bid-gemfields/
THE Telegraph UK  NEWSPAPER
Business
Fosun crashes Pallinghurst's party with a £224m bid for Gemfields

Jon Yeomans    14 June 2017 • 9:26am
‘Chinese investment giant Fosun has launched a bidding war for Gemfields, the Aim-listed producer of rubies and emeralds.’

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[  UK  WEBSITE  ]

http://www.thisismoney.co.uk/money/...un-launches-bid-miner-Gemfields.html#comments
Chinese group launches bidding war for Faberge owner Gemfields with £224.6m offer that sends shares shooting up

By Charlie Moore For Thisismoney.co.uk
Published: 21:41 +10:00, 14 June 2017
‘Conglomerate Fosun, which also owns Wolverhampton Wanderers Football Club, said the offer was a 'compelling cash alternative at a significant premium to the Pallinghurst offer' – although it still falls short analysts' £250m to £270m valuation of Gemfields.’
‘Fosun, which is run by billionaire Guo Guangchang, said it sees 'huge potential' in the Chinese market for gemstones where consumers 'increasingly demonstrate their wealth'.’
'Fosun is confident that it can integrate them into its broader global team to position Gemfields to have the scale to fully exploit the consumer growth and luxury goods trend both in China and globally that both parties expect to continue.'
‘As well as Wolverhampton Wanderers, Fosun owns nursery brand Silver Cross and has an investment in Thomas Cook.’

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As you can see from the above articles’ excerpts, at the time Fosun, had formulated a strategic market outlook, in their bid to buy Gemfields.  It saw this company’s various gem industry products, as capable of making profits, for it, not only in China but in other world markets as well.  It obviously had done some financial calculations at to the future worth of the then - Gemfields, were it to be added to the Fosun Gold portfolio.

MY  SUMMARY
Fosun Gold, part of Fosun International is a large investment company, not a mining company.  The mining component, would have to been subcontracted to the various entities, then already undertaking the work, in the various African countries Gemfields was then (and still is) operating in.


Cheers

Bluequartz