Shares in Fosun, one of China’s largest private sector conglomerates, fell to a decade low on Wednesday following news that regulators were auditing the group’s debts.
Shares of Fosun International Limited, the conglomerate’s flagship, are trading down 9.6 percent in Hong Kong, the lowest level since November 2012.
Since the beginning of the year, Fosun’s bonds have lost 41 percent. In Portugal, Fosun owns insurer Fidelidade and around 30% of BCP.
Source: TSF
