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/CHINA: Per The Economic Times: "Chinese......>

INDIA
INDIA: /CHINA: Per The Economic Times: "Chinese conglomerate Fosun has pulled
out of discussions for investment in two healthcare companies, a
Mumbai-headquartered dialysis services chain and a Bengaluru-based hospital,
after India tightened regulations for Chinese investments, according to
executives aware of the matter. According to sources, both deals were at an
advanced stage, and Fosun had formally proposed terms for acquiring a stake in
the companies, one of which is Apex Kidneycare. The name of the Bengaluru-based
hospital could not be immediately ascertained. The two planned investments were
cumulatively worth over $300 million, according to these sources. Though the
immediate trigger for pulling out of the proposed investments seems to be recent
regulatory scrutiny by Indian authorities, sources said Fosun is planning to
scale down its investment activity in India amidst heightened anti-China
sentiment."
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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