Fosun’s 12 billion syndicated loan landed

A syndicated loan is a banking group led by one or more banks that have been approved to operate a loan business, and a number of banks and non-bank financial institutions participate. Long term loan. The revival at the beginning of the year can be described as a success, the bond was successfully issued, and then the syndicated loan was obtained, and the revival began the road to revival.

Fosun International’s business is divided into four major sectors: health, happiness, wealth and manufacturing. Most of these businesses are obtained through foreign investment and acquisition. Although it helps to expand the scale in the short term, it also brings a lot of risks. In the early days of “buy, buy, buy”, some projects were poorly invested, resulting in tight funds. In July 2020, the rating was downgraded by Moody’s. Especially affected by the epidemic, the Fuxing Happy sector also suffered serious losses. In recent years, Fuxing has begun to optimize its assets, and “sell, sell, sell” all the way to lose weight and keep fit.

With the release of epidemic control, the cultural and tourism industry has ushered in a recovery, and the revival has also begun to lay out in the core business sector and the happiness sector. At the beginning of this year, it successfully raised funds and obtained a syndicated loan. The revival has gone through efforts, and various indicators have been recognized by the syndicate. At the same time, it has benefited from the state’s financial policy to support the development of private enterprises. The revival has got off to a good start, and it is bound to make a difference.