Guo Guangchang, the president of the Chinese conglomerate, owner of Fosun, resurfaced this Monday, December 14 during the annual assembly of the group's shareholders , in Shanghai.Guo Guangchang, chairman and ceo of Fosun, attended the annual shareholders meeting of the group in Shanghai, according to several Chinese papers. Last Friday, the website Caixin reported contact had been lost between the Chinese conglomerate and its ceo, declaring he had been the target of an investigation. Instead, the 48-year old billionaire had simply "assisted certain investigations carried out by legal authorities," according to the company.
The announcement had led to the suspension of trading of the group's subsidiaries' shares on the Shanghai and Hong Kong stock exchanges. This Monday, after Guo Guangchang's return, trading resumed but investors continue to be wary. Fosun International and Fosun Pharmaceutical saw their respective shares tumble by around 10% shortly after Hong Kong trading began this morning.
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