China | Fosun chief makes appearance at firm's annual meeting

Fosun chief makes appearance at firm’s annual meeting

December 14, 2015 12:24 AM (UTC+8)

 

(From AFP)

The billionaire chairman of Fosun Group, one of China’s biggest privately-held conglomerates, re-emerged Monday after he disappeared from public view in connection with an investigation by authorities, Chinese media said.

Guo Guangchang
Guo Guangchang
 Guo Guangchang, dubbed “China’s Warren Buffett”, attended Fosun Group’s annual meeting Monday morning, pictures posted by business magazine Caijing showed.

Guo had been out of contact since Thursday and two of the group’s listed arms in Shanghai said in statements last week the 48-year-old was “assisting in certain investigations” conducted by mainland authorities.

The statements stressed the probes had no “material adverse impact” on the finances or operations of the parent company and that Guo was able to take part in its decision making.

Caijing said Monday that Guo has “finalised” assisting in the inquiries and “returned home safely”. Read More

 

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