Shanghai Billionaire Guo Guangchang's Fosun Slides On $1.2 Bln Stock Sale

Fosun International, one of China’s largest investment firms, fell in Hong Kong trading this morning after the company said it would increase the number of its shares by 6.6% in connection with a sale of stock to outside investors that would raise up to HK$9.3 billion, or $1.2 billion.