Fosun Shares Fall Even as Chairman Said to Be Back at Work
- Guo said to return on Monday; attends internal conference
- Any extended probe of Guo could limit access to funds: analyst
Guo Guangchang.
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Fosun International Ltd. shares, which were suspended on Friday after a report that Chairman Guo Guangchang had gone missing, plunged by the most in almost four months after resuming trading on Monday.
The shares closed 9.5 percent lower at HK$12.08 in Hong Kong, the biggest decline since Aug. 24. Chinese billionaire Guo was back at work after aiding authorities with an investigation and attended an internal conference on Monday, according to people familiar with the matter. Caijing magazine earlier reported that Guo had returned home.