Search for a vaccine started after coronavirus outbreak in Wuhan
Shares in both companies up 8% on news
Hayes says deal could see more than 2,500 jobs being saved
Company’s demise means 21,000 jobs at risk and up to 150,000 holidaymakers stranded
Deal would exclude airline business, which Fosun is unable to acquire due to EU rules
Shares in UK tour operator rose the most in more than two months
Former chairman Wu Xiaohui accused of defrauding billions
Companies under scrutiny include HNA, owner of Irish leasing firm Avolon
Ironshore has European HQ in Dublin and will retain management and brand after sale
Chinese authorities are on a mission to clean up financial markets
Fosun shares were suspended on Friday after Guo Guangchang had gone missing
Equity raisings triple that of NYSE and 13 times that of London
Anbang Insurance and Fosun International compete to acquire Portuguese bank
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