The halt in Fosun trading came after a report in an online publication caused speculation that Mr Guo had become the latest in a string of high-profile Chinese businessmen to be quizzed by regulators as part of an anti-corruption crackdown.
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Fosun president Wang Qunbin said during a briefing on Sunday that the investigation was concerned with Guo’s personal affairs rather than those of the company.
In its Friday report, Caixin said messages on social media sites claimed Guo was seen being escorted by police at an airport in Shanghai, but the reason was unknown.
It said Guo talked about the need to expand globally but gave no indication whether he mentioned the investigation.
Shares in five mainland China listed companies controlled by Fosun along with two of its Hong-Kong-listed subsidiaries, Fosun International and Shanghai Fosun Pharmaceutical, resumed trading on Monday.
Ironshore chief operating officer and CEO of the companys Bermuda platform Mitch Blaser did not return a call from The Royal Gazette.
They added that Guo was still able to take part in the company’s decision-making in “appropriate ways” without elaborating and sought to calm investor worries about the company financial situation.
The Caixan online newspaper, which had reported Guo as missing Thursday, said that a Chinese court had found that his links to a former chairman of a state-owned food and beverages company – who was handed an 18-year term in August – had been “inappropriate”. Listed companies related to Fosun International had a torrid day on Monday at the bourses. The company, which runs an array of businesses ranging from insurance to pharmaceuticals, later clarified that Guo was assisting China’s judicial authorities with an unspecified investigation.
Liang said the company would consider buying back stock if the share price fluctuated. The company is competing for Anglo-German banking group BHF Kleinwort Benson Group and agreed to acquire Israeli insurer Phoenix Holdings Ltd.in June.
His disappearance and surreal, silent reappearance after this morning’s Fosun annual meeting will drive more entrepreneurs out of the country in search of safer homes for their families and wealth.
Fosun bought Club Med in February and took a 5% state in Thomas Cook in March.
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After Guo China’s 17th richest person with a net worth of US$5.6 billion (HK$43.68 billion) discussed Fosun’s strategy and performance, he reportedly received a standing ovation.
