HONG KONG, March 29 Fosun International Ltd
, China's largest private conglomerate, expects the
departure of two top executives to have a short-term impact on
its business, Chairman Guo Guangchang said on Wednesday.
The Shanghai-based conglomerate said late on Tuesday Chief
Executive Liang Xinjun and Ding Guoqi, an executive director of
Fosun and former chief financial officer, had resigned. Liang
stepped down for health reasons and Ding to spend more time with
his family, the company said in a securities filing.
Fosun also reported a 28 percent increase in profit in 2016
to 10.3 billion yuan ($1.5 billion).
The company named Wang Qunbin, one of its billionaire
co-founders, as new CEO.
($1 = 6.8904 Chinese yuan renminbi)
(Reporting by Julie Zhu; Writing by Elzio Barreto; Editing by