'Missing' Fosun's chairman turns up at annual meeting

File photo of Guo Guangchang, chairman of Fosun International. [Photo/IC]

Four days after Fosun International said it was unable to reach the company's chairman Guo Guangchang, he turned up for the 2016 annual meeting in Shanghai on Monday.

Media reports claim Guo has finished assisting judicial investigation and has returned home.

Guo said during the opening speech that Fosun's growth is rooted in China, even though the company has widely invested in many parts of the world. The future growth of Fosun will rely more heavily on China. The company's future industrial layout should be able to show the advantages of being rooted in China. They will also make efforts to build up a global platform in a more organized way.

Companies related to Fosun International, which halted trading on Friday, resumed trading Monday morning. But they still performed unsatisfactorily despite the return of Guo. Hong Kong-listed Fosun International and Shanghai Fosun Pharmaceutical dropped 13.5 percent and 13 percent respectively when the market opened. A-share listed Shanghai Yuyuan Tourist Mart Co and Hainan Mining Co dropped 7 percent and 6 percent respectively in early Monday trading.