China Renaissance shares plunge more than 20% after it says founder Bao Fan is missing

Canada News News

China Renaissance shares plunge more than 20% after it says founder Bao Fan is missing
Canada Latest News,Canada Headlines
  • 📰 CNBC
  • ⏱ Reading Time:
  • 44 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 72%

Prominent Chinese investment banker Bao Fan is missing, his company China Renaissance said late Thursday.

The Beijing-based fund manager and investment bank is operating normally, the filing said.

Bao is the firm's controlling shareholder, as well as chairman, executive director and CEO. He did not immediately respond when contacted by CNBC about the news.Stock chart iconAlibaba-affiliate Ant Group was one of three major investors in China Renaissance leading up to its ownIn late 2020, Chinese authorities abruptly suspended Ant's plans for a massive initial public offering.

China Renaissance has played an important role in China's internet tech world in the past decade. The investment bank advisedChina Renaissance was also advisor to the merger that became Didi, and was an underwriter of the ride-hailing giant's U.S. IPO in June 2021.Days after Didi's IPO, authorities into the company, halting new user registrations. The company delisted later that year. Didi said last month it received approval to register new users again.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

CNBC /  🏆 12. in US

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

China Renaissance shares tumble after firm says chairman unreachableChina Renaissance shares tumble after firm says chairman unreachableShares of boutique investment bank China Renaissance Holdings Ltd fell by as much as 50% on Friday after the firm said it had been unable to contact Chairman and Chief Executive Bao Fan.
Read more »

The Internet’s Black Emo RenaissanceThe Internet’s Black Emo RenaissanceParamore really knows what they're doing.
Read more »

The Internet’s Black Emo RenaissanceParamore really knows what they're doing.
Read more »

Catalan RenaissanceCatalan RenaissanceOver 2003-11, Catalonia’s regional film hub was the envy of Europe. Now, it’s enjoying the full flush of a second renaissance and growing its international impact in film and now TV. In 2022, three…
Read more »

Beyonce’s ‘Renaissance’ Returns to Top 10 on Album Sales Chart After Grammy AwardsBeyonce’s ‘Renaissance’ Returns to Top 10 on Album Sales Chart After Grammy AwardsBeyonce’s ‘Renaissance’ returns to the top 10 of Billboard's TopAlbumSales chart following the 2023 GRAMMYs. 📈
Read more »

‎Jalen Rose: Renaissance Man: Stand Up ft. Mo'Nique on Apple Podcasts‎Jalen Rose: Renaissance Man: Stand Up ft. Mo'Nique on Apple PodcastsNew episode of the JalenRose: Renaissance Man Podcast out now. Listen to the full episode with special guest moworldwide Apple: Spotify:
Read more »



Render Time: 2025-02-28 23:20:47