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Business

Think before you buy overseas, says China's Fosun CEO

HONG KONG -- Fosun International has made some of China's highest-profile overseas deals in recent years, but CEO Liang Xinjun said that companies can only succeed with a clear strategy.

"The reason [those assets] become so cheap is that there is no growth in their former market," said Liang, also executive director at the Hong Kong listed-unit of Fosun Group, China's largest private conglomerate.

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