Fosun to seek IPO for leisure unit

Fosun will seek pre-IPO fundraising for its culture and leisure unit which include Thomas Cook and Club Med in first half of 2017, CEO Liang Xinjun said in a briefing in Hong Kong. ly reported on Tuesday. Daewoo will found the company with three Iranian companies in the Industrial Development and Renovation Organization of Iran, the National Iranian Tanker Co, and the Islamic Republic of Iran Shipping Line. ratings trend will be stable in 2017 despite most countries have been on a negative footing since mid-2010, though credit metrics could weaken should financial market volatility reappear, said leading global ratings agency Standard & Poor’s. It said on Wednesday that the world economic performance was still weighed down by some advanced economies and with uncertain political developments in Europe and the United States. “Anti-globalization sentiments are increasing and the risk of protectionist measures is growing,” S&P Global Ratings credit analyst Kim Eng Tan said in a statement. “This is a negative development for Asia-Pacific, which has benefited much from global trade and investment flows. The risk may rise further if upcoming elections in Europe produce more surprises,” he added. ed for 30.37 percent of almost 2.2 million international tourists visiting the site last year. The data was compiled by the state-run Angkor Enterprise, which is in charge of ticket sales at the park. It said that South Korea and the United States were the second and third largest sources of tourists respectively to the park.