Chinese magazine Caixin has reported that the company had lost contact with its chairman, Guo Guangchang.
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Shanghai Fosun Pharmaceutical Group Co Ltd’s April 2017 bond price was down around 1.8 pct in early trade on Friday, while unlisted Shanghai Fosun High Technology Group Ltd’s December 2017 bond price was down 3.2 percent.
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In August, the Fosun Group chairman was put under the spotlight when he was named in a corruption court case in Shanghai.
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Mr Guo launched Fosun with a group of fellow students in 1992.
The HKEx filings come a day after reports Thursday Guo, sometimes referred to as China’s Warren Buffett, could not be found.
“Should Guo, well-known overseas, be found to be at the centre of a graft investigation, this would be a strong signal to the world that China is serious about its anti-corruption campaign”, said Alberto Forchielli, founder of private equity firm Mandarin Capital Partners, with 20 years of experience in China.
It also marched into entertainment and tourism industries, by acquiring French holiday group Club Mediterranee in March, purchasing a 25 percent stake in Cirque de Soleil in May and setting up joint venture with British travel group Thomas Cook one month later.
The Hong Kong newspaper also said two other Fosun executives attempted to play down the reports, pointing out it was unlikely that a man of Mr Guo’s stature would be apprehended at an airport.
Analysts point out that Guo would be most well-known business executive to be taken in for questioning in the corruption crackdown in the Middle Kingdom. It is seen as one of China’s most successful firms internationally.
Guo in the past has been linked to Wang Zongnan, the head of a state-owned retailer who was sentenced this year to 18 years in prison for embezzlement and bribery.
Five mainland China listed companies controlled by Fosun announced a trading suspension early Friday.
Guo is listed as China’s 11th richest person with a net worth of $6.9 billion, according to Forbes. Both suspensions were requested by Fosun, “pending the release of an announcement containing inside information”, according to a company statement quoted by SCMP.
In 2014, it went ahead with on three big acquisitions: U.S. insurance companies Meadowbrook Insurance Group, which cost US$ 433 million and U.S. Ironshore that was priced at US$ 464 million; and Portugal’s largest insurer, Caixa Seguros, which was bought for 1 billion euro.
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If Mr Guo has indeed disappeared, he wouldn’t be the first high-profile executive in China’s financial sector to have gone missing in recent weeks.
