Guo Guangchang Fosun Group Part 6

After a lot of wealth and social returns as private entrepreneurs, Guo Guangchang has a lot of titles: the CPPCC National Committee member and member of the All China Youth Federation, All-China Youth Federation Vice-Chairman of Shanghai, Shanghai, model workers, 10 outstanding youth in Shanghai, and outstanding private enterprises Home, and so on.

However, Guo Guangchang more people think the best play the role of China's capital market is still on the opportunists. Fosun first half of this year's report card to do the best Notes: Fosun Industrial Co. (600196) 2003, a substantial growth in profits in the first half, net profit of 215.44 million yuan, over the same period last year increased by 230 percent, to 0.564 yuan per share, net Capital gains rate of 13.26 percent.

-- Background

Guo Guangchang capital Game Break

1998, Guo Guangchang the first to feel the charm of the capital market. Fosun Industrial Co., after the reform of the listing, once raised 350 million yuan of funds. Subsequently, Guo Guangchang in China's capital market on the left-right process, a number of industries and capital will be docking.

August 2001, Fosun Group and the Yuyuan Garden Shopping Mall largest shareholder of Shanghai Yuyuan Garden travel service company signed share transfer, hosting agreement, November 22 suspension of the agreement, but six days time, the newly established less than a month Fosun investment and Yuyuan Garden Shop signed the agreement by holding the right to transfer, the transfer price of 380 million yuan, transfer the total amount of 234 million yuan. Fosun Yuyuan Garden Shopping Mall new investment into the "big lead", a Yuyuan Garden Shopping Mall 6166 shares of the total equity of 13.25 percent. But in fact, the Fosun investment 600 million yuan investment for the acquisition seems to be set up, Fosun eyes of the Yuyuan Garden Shopping Mall is owned pharmaceutical factory in Shanghai Tong Han Chun-53.33 percent stake.

Through the acquisition of Yuyuan Garden Shopping Mall, Fosun investment indirect control of the Tong Han Chun.

And this is no different from, Fosun shares of friendship between the first and largest shareholder friendship group funded 400 million yuan of friendship between Shanghai Fosun Group Holdings Ltd., accounted for 48 percent of the shares. Followed by the transferee friendship groups part of the shares, friendship Fosun friendship has become the largest shareholder of the shares, will be a matter of course friendship shareholder equity of 51 per cent of the Shanghai Lianhua Supermarket's inclusion. 2001, Fosun Group friendship Fosun shares will be transferred to Fosun Industrial Co., Fosun Industrial Co., the friendship has become the largest shareholder of the shares.

After being hailed as "China's stock market in the first tender offer," the Fosun into Nanganggufen, shows that the superior of capital Guo Guangchang wrist and vision. Guo Guangchang to 1.6 billion yuan more than the controlling shareholder will Nanganggufen from wholly state-owned enterprises into a non-state-owned holding enterprises, is equally important that, Fosun in the steel industry since this began two years ago to participate in the industry, from supporting change A protagonist.