Fosun invests $35m in Malaysian restaurant chain
Fosun Group, China’s largest privately-owned conglomerate, has committed RMB210.5 million ($35 million) to Malaysia’s Secret Recipe, becoming the second-largest shareholder in the restaurant chain.
This is Fosun's first overseas investment in the dining industry. It will invest through its wholly-owned vehicle, Good Champion Holding, according to a statement. Founded in 1997, Secret Recipe is one...
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