(Yicai Global) Sept. 20 — Fosun International has trimmed its holdings in units New China Life Insurance and Shanghai Yuyuan Tourist Mart Group, the latest in a series of asset sales, as the Chinese health-to-smart-manufacturing conglomerate Fosun remains committed to reducing its scale of investment.
Fosun International sold 2.61 million shares in New China Life in block trading on Sept. 15, diluting its stake to 5 percent from 5.84 percent, the insurer said yesterday.
And affiliate…