China Renaissance shares plunge more than 20% after it says founder Bao Fan is missing
Publishing timestamp: 2023-02-17 00:09:00
Summary
China Renaissance Holdings said late Thursday that they have been unable to contact their controlling shareholder, chairman, executive director and CEO, Bao Fan. Shares of China Renaissance plunged by more than 20% in Hong Kong trading Friday. Bao's disappearance follows an investigation of Cong Lin, the chairman of China Renaissance's subsidiary Huajing Securities. China Renaissance's filing about Bao Fan did not mention the probe.
Sentiment: NEGATIVE
Keywords: markets, market insider, meituan, stock markets, business news, china renaissance holdings ltd,