Core Viewpoint - Fosun International Ltd. is continuing its strategy of divestment to improve its capital structure and liquidity, as evidenced by the sale of 40% of its Luz Saúde healthcare group for 310 million euros ($364 million) while retaining a 60% stake in the company [2][3][4] Group 1: Strategic Benefits of the Sale - The sale of Luz Saúde is expected to enhance the company's capital structure and liquidity, facilitate business growth through collaboration with a strategic partner, and strengthen the shareholder base for mid-term expansion [3] - Luz Saúde operates 29 medical facilities in Portugal, serving 75% of the population, indicating its significant market presence [4] Group 2: Ongoing Investment Strategy - Fosun's divestment strategy is not a retreat from Portugal but rather a method to maintain market exposure while improving debt metrics and generating capital for further investments [6][9] - The company has previously sold stakes in other investments, such as 5.6% of Banco Comercial Português for 235 million euros and two towers in Lisbon for 192 million euros, while retaining control over these assets [5] Group 3: Financial Recovery and Debt Management - Fosun's total debt was reported at 222.1 billion yuan ($31 billion) as of June, with a slight increase from the previous year, while holding 67.8 billion yuan in cash and bank balances [10] - The company has been actively deleveraging since mid-2022, selling various assets to stabilize its finances and improve funding access [12] - Following its recovery, Fosun returned to the U.S. dollar bond market, issuing $300 million in notes, which was viewed positively by S&P, affirming its credit rating with a stable outlook [13][14]

Billionaire investor Ray Dalio recently admitted to learning invaluable lessons after a bad investment left him so short of funds that he had to borrow $4,000 from his father. Although Dalio suffered that big loss over 40 years ago, he said he still relies on that experience when he screens new investments. During a conversation with Carlyle Group (NYSE:CG) co-founder Dave Rubenstein on "The 92nd Street Y, New York" podcast, Dalio said the lessons he learned from that mistake helped him turn Bridgewater A ...

difficulties and failures are great teachers. One principle that I've really learned is pain plus reflection equals progress. I've learned that there are lessons and and difficulties and failures are great teachers.What painful experiences have you been through that have led to your progress in life. I'd like to tell you about one that really stuck in my mind and changed me in a really beneficial way, but it was painful. 1980 and 81, long time ago, um I had calculated that American banks had lent to foreign ...

英国倡议组织“债务正义”研究显示，低收入国家向私人贷款方支付的外债金额仍是对中国支付金额的三倍，反驳了“中国是低收入国家债务危机主要制造者”的说法。债务正义政策主管Tim Jones在声明中指出：“商业高息贷款方是低收入国家偿还债务最多的对象。”（路透） ...

Welcome back to Next Africa. I'm Jennifer's ambassador in Johannesburg. Ever since joining Bill Gates and Warren Buffett's Giving Pledge in 2007, Sudanese born billionaire and former tech mogul Mo Ibrahim has dedicated his time to his foundation, focused on encouraging better governance in Africa.This year's annual Ibrahim Governance Weekend brought together heads of state and business leaders to explore carving a more self-reliant way ahead for the continent. I sat down with Mo in a wide ranging discussion ...

There are orders, you know, there's a monetary order, there's a domestic, political, social order. Um there's a global world and they go through tend to go through a cycle um in which they break down and you have new orders. So a good example would be let's say 1945, we have a new monetary order, we have a new uh all those orders.Um, and then when they break down, um, you wipe out a lot and you have a new beginning and everybody remembers the trauma of the past and then there's the building up of credit, th ...