Fosun, one of China’s most internationally acquisitive companies, is defending itself against allegations it sold property cheaply to an executive of a state-owned company who was jailed for corruption on Tuesday.
A report by the official Xinhua news agency linked Fosun and its chairman, Guo Guangchang, one of Shanghai’s most powerful businessmen, to another corporate leader, Wang Zongnan, the former head of state-owned
Bright Food Group
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