Fu Wah International wants to buy into a major NZ retirement village operator to learn the business, in preparation for launching a retirement village operation in China.
Fu Wah is owned by one of Chinas richest women, Chan Laiwa (pictured). She started the business 28 years ago.
They are currently investing $200M in the redevelopment of the Park Hyatt Auckland and another $300M on a second hotel in the city. In January they also purchased the Grand Hyatt Melbourne.
