Pursuits
Fosun Pharma Says Guo Assisting Authorities With Probe
Fosun's Billionaire Chairman Reported Missing
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Chinese billionaire Guo Guangchang, who controls Shanghai Fosun Pharmaceutical (Group) Co., is assisting justice authorities with a probe, the company said in a filing to the Shanghai Stock Exchange.
Guo, a non-executive director, will be able to participate in the company’s decisions on “substantial issues,” the company’s statement said, citing a letter from its controlling shareholder Fosun High Technology Group, after reports Guo was unreachable.