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 China’s 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.