Billionaire chairman of China's Fosun reportedly missing

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http://www.scmp.com/business/compan...tt-guo-guangchang-under-arrest-trading-stocks


China's Fosun Group has been unable to contact Chairman Guo Guangchang, sources say. After the report began circulating, stock trading for Fosun International and Shanghai Fosun Pharmaceutical Group was suspended in Hong Kong. Fosun International CEO Liang Xinjun says senior executives are "handling the emergencies


Fosun International (Hong Kong stock code 00656.HK), the parent of Fosun Group, listed in Hong Kong in July 2007. Fosun Group said it mainly invests in sectors that will significantly benefit from growth in China’s domestic demand, such as consumption, financial services, resources and energy, and manufacturing.
 
Fosun announced New York development just a few months ago.
 
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