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China's billionaire CEO Bao Fan disappears; share stock plunges

February 20, 2023
Source: devdiscourse.com devdiscourse.com
News Snapshot:
Chinese dealmaker and founder of the China Renaissance Holdings Bao Fan had gone missing sending shares plummeting on Friday, according to Al Jazeera. Chinese Renaissance Holdings Ltd, in a filing to Hong Kong Stock Exchange Market, said that the company was unable to reach Bao. "The board is not aware of any information that indicates that Mr. Bao's unavailability is or might be related to the business and/or operations of the group which is continuing normally," China Renaissance said in the statement. Bao was also not seen in his office and has been unreachable for two days, Al Jazeera reported...
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