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China Renaissance, a top dealmaker in China’s tech industry, is currently facing challenges as its founder, Bao Fan, remains unreachable since February. As a result, the company has suspended trading of its shares and delayed the release of its annual results. The company cited Bao’s absence as the reason for the delay, as auditors are unable to complete their work without his cooperation.
Bao Fan is a veteran dealmaker known for his work with top technology companies in China, including facilitating mergers like the one between Meituan and Dianping. However, his current absence has caused significant turmoil for China Renaissance, leading to a drop in their share prices.
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