The founder and chairman of Chinese conglomerate Fosun, Guo Guangchang has appeared in public four days after he was last seen being led away by police at a Shanghai airport.
The businessman has been helping authorities with inquiries, according to a statement from the company released on Friday night.
On Monday morning Guo was welcomed by a standing ovation from employees at Fosun Group’s annual meeting in Shanghai, according to press reports.
Fosun president Wang Qunbin said Sunday that the investigation is “mostly about [Guo’s] personal affairs.”
Fosun International, Fosun Group’s parent company, which is listed in Hong Kong, suspended trading in its shares on Friday when Guo’s absence became public. The company’s shares opened more than 10 percent lower when trading resumed on Monday.
A number of Chinese executives have temporarily gone missing this year, in what is believed to be a crackdown by the government on the country’s financial sector.
China’s biggest brokerage, CITIC Securities was unable to contact two of its top executives earlier this month following reports they were assisting authorities in an investigation.
Fosun has a diverse portfolio of interest, including in fashion and retail, and has been expanding aggressively overseas over the past two years.