New | ‘Missing’ Fosun chairman Guo Guangchang back at work after ‘helping Chinese authorities with investigation’
In a stock market filing, Guo says he was helping mainland authorities with an investigation during his absence late last week
Guo Guangchang, chairman of China’s conglomerate Fosun International, delivered a speech at an annual company meeting in his Shanghai office on Monday, following an unexplained absence late last week during which time he was assisting authorities in a probe.
The billionaire, one of China’s highest profile investors, had gone missing late last week, prompting the companies he oversees to request a suspension of trade in their respective Hong Kong and Shanghai-listed shares.
A filing by these same companies on Friday, which requested that the shares resume trade, said during his absence Guo had been “assisting in certain investigations carried out by Mainland judiciary authorities.” The Hong Kong and Shanghai filings were signed by Guo. A few days earlier, a filing requesting a trading suspension was signed by another senior executive.
It is not clear how Guo was aiding the investigation, or whether his participation had finished.