Pursuits
Billionaire Guo Assisting Probe After He's Reported Missing
- Companies controlled by Guo reveal his participation in probe
- Former Shanghai vice mayor is government target, people say
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Chinese billionaire Guo Guangchang, who leads Fosun International Holdings Ltd., is assisting judiciary authorities with a probe, according to a filing to the Shanghai Stock Exchange by a company he controls.
Guo had gone missing on Thursday, spurring speculation in the Chinese media that he was helping with a government investigation. Guo is assisting an investigation into former Shanghai vice mayor Ai Baojun, according to people familiar with the situation who asked not to be identified because they aren’t authorized to speak on the matter.