China Billionaire Guo Guangchang Unreachable, Caixin Reports
- Fosun Group chairman Guo `lost contact,' according to Caixin
- Fosun is handling the situation, Fosun's vice chairman said
Guo Guangchang.
Photographer: Michael Nagle/BloombergThe billionaire chairman of Chinese conglomerate Fosun Group has become unreachable, Caixin magazine reported on its website, citing people it didn’t identify.
The closely held group has “lost contact” with Guo Guangchang, 48, the magazine said. Fosun Group, which owns Club Mediterranee SA and bought a stake in Cirque du Soleil Inc., has business interests in insurance, real estate, pharmaceutical and commodities.