Fosun raises equity to ease debt concerns

Stock market darling raises $1.2 billion from a top up placement to mollify the rating agencies and fund the purchase of a US insurer.

Fosun International raised HK$9.3 billion ($1.2 billion) from an accelerated top up placement on Monday night to help fund the acquisition of US insurer Ironshore Holdings and remove potential pressure on its credit ratings. 

¬ Haymarket Media Limited. All rights reserved.

Sign In to Your Account Access Exclusive FinanceAsia Content!

Please sign in to your subscription to unlock full access to our premium FA resources.

Free Registration & 7-Day Trial
Register now to enjoy a 7-day free trial - no registration fees required. Click the link to get started.

Note: This free trial is a one-time offer.

Questions?
If you have any enquiries or would like a quote for a team or company licence, please contact us at [email protected]. Our subscription team will be happy to assist you.

Share our publication on social media
Share our publication on social media