Fosun is not the focus of an investigation that has ensnared its chairman, the Chinese conglomerate said on Sunday in an attempt to reassure nervous investors.
The aggressively acquisitive owner of Club Med spoke to investors and the media after Guo Guangchang had been out of sight for nearly four days, adding to jitters in China’s private sector.
Mr Guo, known as China’s Warren Buffett, is not accused of any wrongdoing. Liang Xinjun, Fosun chief executive, said Mr Guo was “assisting the judicial authorities with an investigation but it is not because the company has problems”.
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