CORRECTED: Fosun says Chairman Guo investigation mostly about his personal affairs

Image
Reuters BEIJING
Last Updated : Dec 13 2015 | 5:42 PM IST

Don't want to miss the best from Business Standard?

(Corrects first paragraph to show comments made by company president, not CEO)

BEIJING (Reuters) - An investigation with which Fosun International Chairman Guo Guangchang is assisting authorities is mostly about his personal affairs, the company's president Wang Qunbin said on Sunday without providing further details.

Guo is currently in Shanghai, the company's chief executive Liang Xinjun said on the same conference call.

Fosun said on Friday that Guo, one of China's best-known entrepreneurs, was assisting authorities with an investigation, a day after local media said the group had lost contact with its billionaire founder.

(Reporting by Kathy Chen and Nick Heath. Editing by Jane Merriman)

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Dec 13 2015 | 5:19 PM IST

Next Story