Guo Guangchang has beeninstrumental in the effort to sellassets, helping the conglomerate’s shares and bonds rebound from their lows.
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Billionaire Guo Guangchang was sipping baijiu when he decided to kick off a $2 billion sale, his biggest in recent years.
His choice of liquor — from Shede Spirits Co., a brand under his Fosun International Ltd. portfolio — was particularly momentous: “she de” means “let go” in Chinese.
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