China tycoon appears at event after disappearance, announcement he is assisting probe

China’s eleventh richest man, Guo Guangchang, attended a company meeting in Shanghai on Monday, his first public reappearance since he was detained by Chinese authorities.

Fosun International employees were unable to contact Guo Guangchang after midday Thursday the magazine Caixin said on its website.

According to a Reuters report, Guo didn’t say where he had been and instead discussed Fosun’s strategy and performance at the Shanghai meeting.

Sohu.com reported on Friday that Guo is helping with the investigation into Ai.

Application was made by the company to The Stock Exchange of Hong Kong for the resumption of trading of shares of the company and the convertible bonds with effect from 9:00 am on Monday, 14 December 2015.

A string of senior executives of Chinese companies have temporarily gone missing this year amid Beijing’s crackdown on the financial sector.

Guo, 48, has a net worth of $7.8 billion, according to the Hurun Report, which tracks China’s wealthiest people.

Fosun, which is China’s biggest privately owned conglomerate and its pharmaceutical unit had suspended trading on their shares on Friday in Hong Kong. Fosun on Sunday said it involved a personal matter, not company business.

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.

Wan said the government should clarify Guo’s status.

The Financial Times dubbed him “China’s Warren Buffett” for following the legendary American investor’s approach of using the cash flow from insurance operations to buy other businesses.

Fosun International bought renowned French holiday company Club Med earlier this year and in April was part of a consortium that acquired Canadian entertainment juggernaut Cirque du Soleil.

Fosun and Mr. Guo were named in August by a Chinese court in relation to a bribery case against Wang Zongnan, former chairman of state-owned Bright Food Group Co., who was sentenced to 18 years in jail. Fosun said it had requested a trading halt pending the release of a statement.

Wang said on the conference call that the company will consider a share repurchase.

The Communist Party’s internal anti-graft body announced last month Ai was under investigation for “severe disciplinary violations”, a euphemism for corruption.