Mr. Guo Guangchang and his Team Visited Folli Follie and ... · George Koutsolioutsos outlined to...

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■ On 27 November morning local time in Greece, Mr. Guo Guangchang, Chairman of Fosun Group, visited the headquarters of Folli Follie Group in Athens and had a meeting with Mr. Dimitris Koutsolioutsos, Chairman and Founder; and Mr. George Koutsolioutsos, CEO of Folli Follie Group. Mr. Dimitris Koutsolioutso presented to Mr. Guo Folli Follie’s overall performance for 2013 and the latest developments in the China market. Since Fosun’s investment, Folli Follie’s development in China has been speeding up and has achieved higher brand awareness. The total number of points of sales in China is expected to exceed 200 in 2013, doubled the amount of 98 before the investment by Fosun. Mr. George Koutsolioutsos outlined to Mr. Guo the company’s future plan for the next few years. Both sides exchanged views on further cooperation in China and Greece markets. Mr. Guo expressed that Fosun will, as always, support Folli Follie’s development in China and encourage Koutsolioutsos Family to introduce more excellent Greek ■ Fosun Chairman Guo Guangchang met and dined with Ambassador Jorge Torres-Pereira in Macau on 4 November evening to explore economic activities between China and Portugal. The discussion covered various areas including finance, investment, trade and culture. In the next morning, Mr. Paulo Portas, Deputy Prime Minister of Portugal, met Fosun Overseas Insurance Investment team in Four Seasons Macau and had a breakfast meeting with Chairman Guo to exchange ideas on the commonly concerned European economics and overseas investment hotspots for China. In recent years, there has been significant development in the economic relationship between the two countries. Many Chinese enterprises participated in privatization of Portuguese companies, which This paper is issued by Fosun Holdings for and only for the purpose of providing information regarding Fosun Holdings and/or its direct or indirect subsidiaries and affiliates, including but with limitation Fosun International and its subsidiaries (“Fosun”). It does not constitute disclosure of information or recommendation of investment by Fosun. enterprises to China to tap the opportunities from the country’s continuing economic growth with Fosun. Qian Jiannong, President of Fosun Tourism & Commercial Group and a Director of Folli Follie, also attended the meeting. Fosun’s investment in Folli transformed the sound political relationship of the two countries into real economic momentum, while also promoted dynamic visits among the governments and corporate senior management. “Many private companies in China longed for partnership with Portuguese companies to complement their respective advantages and create more business opportunities which help strengthening economic and trade cooperation between the two countries.” Chairman Guo remarked. During discussion, Chairman Guo cited that all past overseas investment made by Fosun had assisted the enterprises in achieving rapid growth in China. As such, Fosun can act as a bridge to connect China’s growth momentum with global resources. Fosun is currently transforming Follie was regarded a successful implementation of Fosun’s business model of “combining China’s growth momentum with global resources” by overseas institutions. In May 2011, Fosun, with its associates, made an investment in Folli Follie Group and has since accumulated its interest to up to 13.85% in total at present, thereby becoming Folli Follie’s second largest shareholder. Driven both by recovery in the Greek capital market and Folli Follie’s excellent performance, the company’s ■(Hong Kong, 29 November 2013) Fosun International Limited (together with its subsidiaries, “Fosun” or the “Group”, HKEx stock code: 00656) received “Outstanding Listed Company Award 2013” last evening, by the Hong Kong Institute of Financial Analysts and Professional Commentators Limited ("IFAPC"), in recognition of Fosun’s outstanding performance and many business Fosun Received “Outstanding Listed Company Award 2013” Mr. Guo Guangchang and his Team Visited Folli Follie and Sellas Portugal’s Deputy Prime Minister Paulo Portas met Chairman Guo Guangchang Page 3 share price has surged about 80% in the secondary market trading in 2013. Mr. Guo Guangchang and his team also met with Dr. Angelos, Chairman of Sellas Clinicals Holding AG (“Sellas”), another cooperation partner of Fosun in Greece yesterday. A month ago, Chongqing Fochon Pharmaceutical Co. Ltd. (“Chongqing Fochon”), an indirectly-owned subsidiary of Fosun Pharma, entered into transfer agreements with Sellas pursuant to which Chongqing Fochon agreed to sell and transfer of its rights, titles and interests in certain intellectual properties and for global rights, except for the People’s Republic of China, in development, commercialization, sales, distribution, licenses and all other applicable rights in respect of Fotagliptin Benzoate and Pan-HER Inhibitors for an estimated total consideration of approximately EUR388 million(equivalent to approximately RMB3.248 billion), that will be settled in batches commensurating with the progress of research and development.■ development highlights throughout the year, as well as endorsing its strong potential in the investment market as a listed company. IFAPC is a professional institute founded by Hong Kong's renowned financial professionals. IFAPC, consisting of members from the securities, mutual funds and accounting industries, has a strong influence on the investment community in Hong Kong, especially among retail investors. To improve transparency and facilitate better services and development of the industry, IFAPC has inaugurated the organization of this “Outstanding Listed Company Award” in recognition of the outstanding performances and potential of companies listed in Hong Kong and their care for interests of minority shareholders and investors. This year’s awardees include Cheung Kong Holdings Ltd (HKEx stock code: 0001), Hong Kong & China Gas Co Ltd (HKEx stock code: 0003), New World Development Co Ltd (HKEx stock code: 0017), China Resources Enterprise Ltd (HKEx stock code: 0291), NWS Holdings Ltd (HKEx stock code: 0659) and other reputable listed companies.■

Transcript of Mr. Guo Guangchang and his Team Visited Folli Follie and ... · George Koutsolioutsos outlined to...

Page 1: Mr. Guo Guangchang and his Team Visited Folli Follie and ... · George Koutsolioutsos outlined to Mr. Guo the company’s future plan for the next few years. Both sides exchanged

■ On 27 November morning local time in Greece, Mr. Guo Guangchang, Chairman of Fosun Group, visited the headquarters of Folli Follie Group in Athens and had a meeting with Mr. Dimitris Kou t so l iou t sos , Cha i rman and Founder; and Mr. George Koutsolioutsos, CEO of Folli Follie Group.

Mr. Dimitris Koutsolioutso presented to Mr. Guo Foll i Follie’s overall performance for 2013 and the latest developments in the China market . Since Fosun’s investment, Folli Follie’s development in China has been speeding up and has achieved higher brand awareness. The total number of points of sales in China is expected to exceed 200 in 2013, doubled the amount of 98 before the investment by Fosun. Mr. George Koutsolioutsos outlined to Mr. Guo the company’s future plan for the next few years. Both sides exchanged views on further cooperation in China and Greece markets. Mr. Guo expressed that Fosun will, as always, support Folli Follie’s deve lopment in China and encourage Koutsolioutsos Family to introduce more excellent Greek

■ Fosun Chairman Guo Guangchang met and dined with Ambassador Jorge Torres-Pereira in Macau on 4 November evening to explore economic activities between China and Portugal. The discussion covered various areas including finance, investment, trade and culture. In the next morning, Mr. Paulo Portas, Deputy Prime Minister of Portugal, met Fosun Overseas Insurance Investment team in Four Seasons Macau and had a breakfast meeting with Chairman Guo to exchange ideas on the commonly concerned European economics and overseas investment hotspots for China.

In recent years, there has been significant development in the economic relationship between the two countries. Many Chinese enterprises participated in privatization of Portuguese companies, which

This paper is issued by Fosun Holdings for and only for the purpose of providing information regarding Fosun Holdings and/or its direct or indirect subsidiaries and affiliates, including but with limitation Fosun International and its subsidiaries (“Fosun”). It does not constitute disclosure of information or recommendation of investment by Fosun.

enterprises to China to tap the opportunities from the country’s continuing economic growth with Fosun. Qian Jiannong, President of Fosun Tourism & Commercial Group and a Director of Folli Follie, also attended the meeting.

Fosun’s investment in Folli

transformed the sound political relationship of the two countries into real economic momentum, while also promoted dynamic visits among the governments and corporate senior management. “Many private companies in China longed for partnership with Portuguese companies to complement their respective advantages and create more business opportunities which help strengthening economic and trade cooperation between the two countries.” Chairman Guo remarked.

During discussion, Chairman Guo cited that all past overseas investment made by Fosun had assisted the enterprises in achieving rapid growth in China. As such, Fosun can act as a bridge to connect China’s growth momentum with global resources. Fosun is currently transforming

Follie was regarded a successful implementat ion of Fosun’s business model of “combining China’s growth momentum with global resources” by overseas institutions. In May 2011, Fosun, with its associates, made an investment in Folli Follie Group

and has since accumulated its interest to up to 13.85% in total at present, thereby becoming Folli Follie’s second largest shareholder. Driven both by recovery in the Greek capital market and Folli Follie’s excellent performance, the company’s

■(Hong Kong, 29 November 2013) Fosun International Limited (together with its subsidiaries, “Fosun” or the “Group”, HKEx stock code: 00656) received “Outstanding Listed Company Award 2013” last evening, by the Hong Kong Institute of Financial Analysts and Professional Commentators Limited ("IFAPC"), in recognition of Fosun’s outstanding performance and many business

Fosun Received “Outstanding Listed Company Award 2013”

Mr. Guo Guangchang and his Team Visited Folli Follie and Sellas

Portugal’s Deputy PrimeMinister Paulo Portas met Chairman Guo Guangchang

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share price has surged about 80% in the secondary market trading in 2013.

Mr. Guo Guangchang and his team also met with Dr. Angelos, Chairman of Sellas Clinicals Holding AG (“Sellas”), another cooperation partner of Fosun in Greece yesterday.

A month ago, Chongqing Fochon Pharmaceutical Co. Ltd. (“Chongqing Fochon”), an indirectly-owned subsidiary of Fosun Pharma, entered into transfer agreements with Sellas pursuant to which Chongqing Fochon agreed to sell and transfer of its rights, titles and interests in certain intellectual properties and for global rights, except for the People’s Republic of China, in development, commercialization, sales, distribution, l icenses and all other applicable rights i n r e s p e c t o f F o t a g l i p t i n B e n z o a t e a n d P a n - H E R Inhibitors for an estimated total consideration of approximately EUR388 million(equivalent to approximately RMB3.248 billion), that will be settled in batches commensurating with the progress of research and development.■

development highlights throughout the year, as well as endorsing its strong potential in the investment market as a listed company.

IFAPC is a professional institute founded by Hong Kong ' s r enowned f inanc ia l professionals. IFAPC, consisting of members from the securi t ies, mutual funds and accounting industries, has a strong influence on the investment community in Hong Kong, especially among retail investors. To improve transparency and facilitate better services and development of the industry, IFAPC has inaugurated the organization of this “Outstanding Listed Company Award” in recognition of the outstanding performances and potential of companies listed in Hong Kong and their care for interests of minority shareholders and investors. This year ’s awardees include Cheung Kong Holdings Ltd (HKEx stock code: 0001), Hong Kong & China Gas Co Ltd (HKEx stock code: 0003), New World Development Co Ltd (HKEx stock code: 0017), China Resources Enterprise Ltd (HKEx stock code: 0291), NWS Holdings Ltd (HKEx stock code: 0659) and other reputable listed companies.■