Fosun International, one of China’s most internationally acquisitive companies, suspended trading in its shares on Friday in the wake of reports that its chairman, Guo Guangchang, had gone missing.
The news comes in the midst of a corruption crackdown that has seen the disappearance or arrests of several top executives in the country’s financial industry.
Fosun said the company’s business operations were continuing normally. It was not clear whether Mr Guo had been detained in connection with a corruption investigation. In China, news of corporate disappearances sometimes precedes official announcement of an arrest or detention.
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