Fosun withdraws offer for BHF; Co's chairman in US as Chinese authorities not restricting movement

Fosun withdraws offer for BHF; Co's chairman in US as Chinese authorities not restricting movement

Billionaire Guo Guangchang, Executive Director and Chairman of Fosun International, attends the annual general meeting of the Chinese conglomerate in Hong Kong, China May 28, 2015. REUTERS/Bobby Yip

Chinese investment group Fosun has withdrawn its offer for wealth management group BHF Kleinwort Benson, the Belgian stock market regulator said on Friday.

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