China’s Fosun in talks to sell stake in Club Med to Singapore’s CapitaLand

Quick Summary:

The firm, part of Temasek Holdings-owned conglomerate CapitaLand Group, seeks to acquire from 20 to 30 per cent of the hotelier.

Progress on that front has helped it become one of the few Chinese conglomerates to witness a recovery in global investor confidence in recent years.

Talks are still ongoing, and no final decisions have been made, the people said.

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Article Details

Author / Journalist: Bloomberg

Category: Business

Markets: Hong KongChinaSingapore

Topics: Cent Firm Fosun Private Talks Stake Capitaland Chinese Investment International People

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-17 @ 15:20:04 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 202 words

Reading Time: 2 minutes read

Sentences: 9 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 22562175

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