Guo Guangchang, As Chinese Buffett, Bets On Joint PV
Author:   Source:    Time:2015-05-18 17:31:38    Typeface:[Big] [Middle] [Small]

After the stock market closed today, JointPV  said on Merchants New Energy PV Plantplatform of China Merchants Group that Guo Guang chang  ,the chairman of Fosun International, subscribed$15 million of three-year convertible bounds for merging 20MW PV plants.

Fosun International is one of the largestprivate comprehensive conglomerates, covering medicine, real estatedevelopment, steel, mining industry, retailing, service strategic investment. AsChinese Berkshire Hathaway, it also launches the merging activities inworld-wide scale with ClubMed included. Considering the insurance business asits core, Fosun International spent €1 billion on acquiring the 80% of sharesin Fidelidade, Multicare Cares that were subordinate to the largest insurancegroup in Portugal in the early 2014’s.It is the most attractive advantage forinsurance companies that they can get low-cost insurance funds to invest in PVplants with financial characteristics. In the early time, Tao shi Fund underPing An Insurance Group has subscribed 1 billion yuan of convertible bounds.

According to the previous announcement, FosunInternational has already held 7000 million shares of Joins PV $35 million of convertible bounds that expire next year.

GuoGuang chang, the Chinese Buffett, attaches great importance to Joint PV ofMerchants New Energy following in Ma Mingze's foot steps. It seems that the interaction with senior in China Merchants Group helps Fosun International tolearn long-term strategies in the future the innovation about VIP subscriptionfacing to financial leaders is sure to improve the development of PV plantmarket. Therefore, the large-scale investment world-wide attention are regardedas the two symbols of Joint PV. So many leaders in business circles centralenterprises cooperate with this great project predict that the share of JointPV will be worth more than ten times in the future.

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