The press service of the holding, Fosun confirmed that last week the owner of the holding of Huanan was arrested by the Chinese authorities. The reasons for the arrest are not known, however it is emphasized that Huancan «cooperating with the investigation».
The events surrounding the arrest of Huancane, whose fortune is estimated at 7.3 billion dollars, are of particular interest in Israel, as it recently acquired Israeli insurance company the Phoenix and was supposed to arrive in Israel to complete the transaction.
Earlier the Wall Street Journal reported that Chinese authorities are investigating a suspicion according to which 12 years ago On Guanchan gave a bribe to the head of a major state-owned companies.
Controlling the insurance company «Phoenix», owned by Israeli businessman Yitzhak tshuva, the, was sold to the Chinese financial conglomerate Fosun International in June of this year. In November, the Finance Ministry of Israel has approved the deal. For registration of the transaction of Huanan was to arrive in Israel.