Chinese conglomerate Fosun offloads stakes in four firms for $975m

Chinese conglomerate Fosun offloads stakes in four firms for $975m

A company logo is pictured at the headquarters of Shanghai Fosun Pharma Group in Shanghai, China September 13, 2016. REUTERS/Aly Song

Chinese conglomerate Fosun International Ltd will completely exit its stake in four separate firms for a combined $974.74 million to prop up its general working capital, the debt-laden company said on Thursday.

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