Fosun International advisers were clumsy to acquaintance Guo Guangchang alpha at midday Thursday, the annual Caixin said on its website. It cited what it said were letters on amusing media that Guo was endure apparent with badge at an airport in Shanghai.
Guo's dematerialization comes in the bosom of a across-the-board anti-corruption crackdown led by President Xi Jinping in which dozens of admiral at state-owned companies accept been bedfast or questioned. Businesspeople in antecedent investigations accept been captivated for weeks for analytic with no accessible notice.
Fosun and its biologic assemblage abeyant trading of their shares in Hong Kong. They cited the awaiting absolution of an advertisement with "inside information."
Phone calls to Fosun's media and broker relations departments weren't answered.
Guo, 48, is one of China's better investors abroad. Fosun, which he co-founded in the 1990s, has businesses in absolute estate, steel, mining and retailing.
The Financial Times dubbed him "China's Warren Buffett" for afterward the allegorical American investor's access of application the banknote breeze from allowance operations to buy added businesses.
Fosun won a behest war this year to yield over Club Mediterranee, the French resort operator. Endure year, it paid 1 billion euros ($1.1 billion) for Portugal's better allowance company, Caixa Seguros. In 2013, it bought the 60-story belfry at 1 Chase Manhattan Plaza in New York City for $725 million.
In the United States, it owns Meadowbrook Allowance Group Inc. and 20 percent of insurer Ironshore Inc.
Guo had denied beforehand he was the ambition of a affix investigation.
According to Caixin, a cloister in Shanghai said in August he had "inappropriate connections" with a above controlling at several accompaniment companies, Wang Zongnan, who was bedevilled to 18 years in bastille on accuse he abolished accumulated money.
Guo has a net account of $7.8 billion, according to the Hurun Report, which follows China's wealthy.
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