Shares in Fosun International hit a two week high on Monday morning, a day after the investment arm of China's largest privately held conglomerate announced a deal to buy US insurer Ironshore.
Late on Sunday Fosun offered to buy the 80 per cent it does not already own in Ironshore for $1.84bn. It originally bought a 20 per cent stake last year.
Shares rose 1 per cent at the open to HK$19.60
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