Friday, December 11, 2015

China's Fosun Billionaire Founder Guo Assisting Authorities with Investigation

 Guo Guangchang


Fosun International (0656.HK) said on Friday its Chairman Guo Guangchang, one of China's best-known entrepreneurs, is assisting authorities with an investigation, after an earlier report said the group lost contact with its billionaire founder.

Guo, the self-styled student of investor Warren Buffett, will still be able to take part in major company decisions through appropriate means, Fosun said, without elaborating.

"The directors of the company are of the view that this investigation has not posed any material adverse impact on the (finances) or operation of the group. The operations of the company remain normal," Fosun International said.

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Source: Reuters

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