update on FOSUN's accumulation of FMCN shares(must read)
According to SEC filing, FOSUN International already increased its holding to 21.29% of shares. It already became the No 1 potential shareholder of SINA.COM if the deal goes through. Also I further discovered that FOSUN International also acquired 13.18% Tongjitang shares(TCM) through its subsidary FOSUN INDUSTRIAL CO., LTD according to SEC filings. I posted earlier stating that FOSUN International might try to do hostile take-over(or intend to become controlling shareholder) by filing with SEC SC 13G,which is a type of SEC filing format when a company is trying to become controlling shareholder(or take-over). If you go to Tongjitang SEC filing, FOSUN used SG 13D filing,which is a regular SEC filing.
It shows clearly that FOSUN has different intention with FMCN and TCM.
I think something interesting is coming soon. FOSUN might buy further shares.
Here is the definition so as to clear things up on this topic: Investopedia explains Schedule 13G... To be able to file a 13G instead of a 13D, the party must own between 5% and 20% in the company. It must also be clearly understood that the party acquiring the stake in the company is only a passive investor, and does not intend to exert control. If these criteria are not met, and if the size in the stake exceeds 20%, a 13D must be filed.