Fosun Dollar Bonds Drop by Record After Missing Chairman Report

Dollar bonds of Fosun International Ltd., the Hong Kong-listed investment arm of Chinese conglomerate Fosun Group, fell by a record after Caixin magazine reported that its billionaire chairman has become unreachable.

The $400 million of 6.875 percent 2020 securities slid 16.1 cents to 88.3 cents on the dollar as of 9:10 a.m. in Hong Kong, set for their biggest daily drop since being issued by unit Sparkle Assets Ltd. in 2013.

The closely held group has “lost contact” with Guo Guangchang, 48, Caixin said.

Before it's here, it's on the Bloomberg Terminal. LEARN MORE