Fosun trading suspended as head goes missing

Trading in Hong Kong-listed investor Fosun International has been suspended following reports that chairman Guo Guangchang has gone missing. 

Chinese media sources are reporting that Guangchang, one of the Asian superpower’s richest individuals who has been dubbed “China’s Warren Buffet”, has been uncontactable for around 24 hours and may have been detained by police at one of Shanghai’s airports in relation to anti-corruption investigations, according to the BBC. 

Fosun has made a number of investments in European businesses in recent years, most notably beating Italian firm Investindustrial to take control of holiday park business Club Med in January this year.