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Fosun Bonds Sink as Report of Missing Guo Fuels China Angst

  • Dollar bonds sink by record, shares of related companies drop
  • Caixin reports that company has `lost contact' with Guo
Bloomberg business news

Fosun's Chairman Is 'Unreachable': Caixin

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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. 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.