Fosun says 'vanished' chief cooperating with Chinese judicial authorities
Published Fri, Dec 11, 2015 · 04:17 PM
[BEIJING] The billionaire chairman of one of China's biggest private-sector conglomerates, Club Med owner Fosun, is cooperating with Chinese judicial authorities after disappearing from public view, the company said Friday.
"After making enquiries, the Company understands that Mr Guo (Guangchang) is currently assisting in certain investigations carried out by Mainland judiciary authorities," Fosun said in a statement.
AFP
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
China’s first-quarter industrial profits rise at slower pace
When US diplomats visit China, meal choices are about more than taste buds
Laid-back vibe, stunning beaches, rich cuisine and low cost of living lure more expat retirees to Malaysia
Vietnam tycoon appeals against US$27 billion fraud death sentence
US announces new restrictions on firearm exports
Central banks will probably only cut half as much as they hiked