Predicting the rain doesn’t count; building arks does. Hong Kong listed Fosun International brings this familiar Buffettism to mind. Fosun’s vessel, built rapidly, is bursting with a menagerie of acquisitions. Styling itself as Asia’s version of Berkshire Hathaway, a storm is brewing that will test Fosun’s seaworthiness.

Fosun’s chairman, Guo Guangchang, one of China’s wealthiest men, has not reported for work recently. If his disappearance is only a rumour, Fosun has done little to dispel it. On the contrary, Fosun requested that the stock exchange suspend its shares on Friday, then much later issued only a brief comment saying the Mr Guo is assisting with “judicial enquiries”. The waters are rising fast.

With an equity value of $15bn, Fosun is indebted enough to warrant a junk rating from rating agencies S&P and Moody’s. Only a recent rights issue has brought net debt down from high levels; thus communication with the market is vital for Fosun.