BEIJING—China Renaissance Holdings said in an exchange filing on Sunday that its missing chairman and star dealmaker Bao Fan was currently cooperating with relevant Chinese authorities conducting an investigation.
This is the first time the mainland China-based boutique bank has given a reason for the disappearance of its founder—who was reported missing 10 days ago—though no details about the investigation were shared.
“The Board would like to reiterate that the business and operations of the Group are continuing normally,” the bank said in the exchange filing.
Shares of the company slumped last week after it said in an exchange filing the company had been unable to contact Bao….
RSS Feed | The Epoch Times