about fosun group

Hi! Guys!

It is the real milestone for QMN to have investors like Fosun group. Here is about Fosun group in China. Once Chinese involved in it we should not ignore about the potential of this company. Chinese will never invest in anything if there are not benefit for them. QMN has already proven resource copper,gold and cobalt. Its worth billions in ground value according to their Resources statement. Compare the prices 0.045c is so cheap to me. Your guys can search around with this price for junior copper miners with that proven resources. Not many at all IMO. I am in tody for long term. Anyhow, DYOR. GOOD LUCK guys.

BEIJING — Fosun Group, one of China's largest privately-owned conglomerate, is planning to buy an American retail company.

Wang Qunbin, its president, made the revelation on the sidelines of a news briefing on Monday, but declined to give details.

He said Fosun is looking for more overseas acquisition opportunities in consumer brands and resources, adding that European, Japanese companies that are in innovative fields, such as pharmaceuticals research, are also possible targets.

"Our philosophy behind this is to marry China's growth momentum and the world's resources to create a strong combination," he said.

The group is trying to transform itself from an industrial group into an investment group, and expand its global investments, said Wang.

Established in 1992, Fosun Group has widely diversified operations in pharmaceuticals, property development, steel, mining, retail, services and strategic investments.

Last year, the company made 24 investments with its private-equity funds, ranging from finance and machinery to the Internet, according to a financial report by Hong Kong-listed Fosun International Ltd, the parent of Fosun Group.