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Chinese billionaire Guo Guangchang unreachable, Caixin reports

Thursday, December 10, 2015 - 19:31

[SHANGHAI] Chinese billionaire Guo Guangchang, chairman of conglomerate Fosun Group, is unreachable, Caixin magazine reports on its website, citing unidentified people.

The company is "handling" the situation, Fosun International chief executive officer Liang Xinjun said in a mobile text message. Calls to Mr Liang's mobile phone went unanswered.

Fosun Group, which owns Club Mediterranee SA and bought a stake in Cirque du Soleil, owns businesses across insurance, pharmaceuticals and commodities.

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