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Rock star dealmaker Bao Fan is "cooperating in an investigation", according to his firm China Renaissance, whose stock tanked 20% when the CEO vanished.
<div class="at-above-post addthis_tool" data-url="https://www.metro.us/company-says-missing-chinese-banker-bao-fan-aiding-probe/"></div>HONG KONG (AP) — Missing Chinese investment banker Bao Fan is co-operating with an investigation in China, his company China Renaissance said in a stock market filing Sunday. Since Bao went missing, China Renaissance Holdings Ltd.’s Hong Kong-listed shares have slumped as much as 29%. They were up 2.3% on Monday. “The Board has become […]<!-- AddThis Advanced Settings above via filter on get_the_excerpt -->...
Bao Fan's disappearance this month renewed concerns of a potential crackdown on finance and tech figures.
Company says missing Chinese banker Bao Fan aiding probe | 2023-02-27 18:15:44
A stock market filing says missing Chinese investment banker Bao Fan is co-operating in an investigation in China. China Renaissance Holdings Ltd., which Bao founded, gave no further details. The company says it has been unable to reach Bao but its operations continue as normal. The company's Hong Kong-listed shares have slumped by nearly a third since Bao went missing. He is one of China’s top dealmakers in the technology industry, having worked on major deals including e-commerce company JD.com’s $2 billion initial public offering and the share listing for short video platform Kuaishou i...