SHANGHAI -- Fosun International will reorganize its business portfolio to shrink its debt, the Chinese private-sector conglomerate said Wednesday, following a downgrade to its credit rating by Moody's.
Group faces soaring dollar borrowing costs as Chinese property sector struggles
Fosun's investment portfolio spans, tourism, health care, finance and supply chain businesses. © Reuters
SHANGHAI -- Fosun International will reorganize its business portfolio to shrink its debt, the Chinese private-sector conglomerate said Wednesday, following a downgrade to its credit rating by Moody's.