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Guo has said the group will meld "Chinese momentum to global resources". Fosun bought a 10 percent stake in Club Mediterranee, the French resort operator, in 2010. It has also invested in Folli Follie, a Greek fashion group, and St. John Knits International Inc, an American apparel company.

Pharmaceutical companies seek global solutions

Fosun buys Portuguese insurerfor $1.4b

"Consumption has been a major field that Fosun has been focusing on, together with financial services, manufacturing upgrades, resources and energy," said Ye Shangzhi, chief strategist with First Shanghai Financial Group.

However, since the group has made frequent investments in a broad range of fields, it's hard to assess the risks of acquisitions or the prospects for integration.

Rating agency Moody's Investors Service put Fosun's debt under review for a possible downgrade in late January, citing uncertainties over its funding plans for the 1 billion ro ($1.35 billion) purchase of the insurance arm of a Portuguese state bank.

According to Fosun International's interim report, the company's total debt grew from 56.9 billion yuan at the end of 2012 to 65 billion yuan at the end of June 2013. Its debt-to-asset ratio rose from 64.7 percent to 66.2 percent during the same period.

Secret Recipe, founded in 1997, operates more than 300 restaurants in 10 nations, including Malaysia, 皇冠体育app, Singapore and Thailand. The company already has more than 50 restaurants in 皇冠体育app serving pastries, coffee and South Asian-style simple meals.

A company spokesman said Secret Recipe plans to open 100 new restaurants in 皇冠体育app after Fosun becomes a shareholder.

 

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