March 29, 2017 / 1:38 AM / 8 months ago

Shares of China's Fosun set to rise after CEO steps down, profit rise

HONG KONG (Reuters) - Shares of Fosun International Ltd (0656.HK), one of China’s most aggressively acquisitive conglomerates, were set to rise 2.3 percent after it said late on Tuesday that its co-founder and chief executive would step down in a broader reshuffle announced alongside annual earnings.

Reporting by Farah Master and Donny Kwok; Editing by Edwina Gibbs

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