Wolves owner Fosun enjoyed an excellent 2019 in terms of the group's financials.

The Chinese group that owns the Premier League club saw up 31 per cent to £16.2 billion.

There was also a profit rise of 10 per cent at a record £1.69bn.

It is the eighth straight year that Fosun has shown an increase in profits since it was founded in 1992.

Fosun Pharma is involved in a lot of medical and pharmaceutical research.

The COVID-19 outbreak has likely strengthened its position as a leading business in its field.

Chairman Guo Guangchang said: "Over the past decade, Fosun carried out a number of expansions and explorations in different regions, investment areas and industries.

"Now, we will enter into a new phase of development, which is the optimisation of our asset allocation and focusing on core industries, in order to establish Fosun as the top-notch enterprise that achieves industry-leading positions in all of our core businesses."