Fire Sale! China’s “Warren Buffett” Races To Sell Assets

The debt crisis that roiled China’s real estate market has spread to one of the country’s largest conglomerates. Fosun can no longer raise capital so it must sell off assets before it defaults on its short-term debt.

Fire Sale! China’s “Warren Buffett” Races To Sell Assets
The debt crisis that roiled China’s real estate market has spread to one of the country’s largest conglomerates. Fosun can no longer raise capital so it must sell off assets before it defaults on its short-term debt.

What's Your Reaction?

like
0
dislike
0
love
0
funny
0
angry
0
sad
0
wow
0