Fosun International Ltd. bonds plunged by a record and the company suspended its shares in Hong Kong after Caixin magazine reported that billionaire Chairman Guo Guangchang had gone missing.
Fosun Group has “lost contact” with Guo, the magazine said Thursday, citing people it didn’t identify. Guo, 48, is assisting an investigation into former Shanghai vice mayor Ai Baojun, according to people familiar with the situation, who asked not to be identified as they weren’t authorized to speak publicly on the matter. Sohu.com reported earlier Friday that Guo is helping with Ai’s probe. Fosun Group spokesman Chen Bo said by text message that he had no information to disclose, when asked about the probe.
