Fosun High Technology

The government of Zhejiang province and a  group led by Fosun High Technology has signed a Public-Private Partnership (PPP) deal  for the first high speed rail project in China to be funded by a private sector. Fosun, a conglomerate known for aggressive acquisitions around the world, is to organise an investment fund of US$6.9bn, which will give it a 51% holding in the project while four(4) state-owned enterprises, including China Railway Corporation, will provide the remaining funds…