Founder’s disappearance prompts China Renaissance to halt trading and postpone results

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China Renaissance, a prominent dealmaker in the tech industry, has encountered challenges with its founder, leading to the suspension of trading of its shares and a delay in releasing annual results. The founder, Bao Fan, has been unreachable since February, causing uncertainty in the company’s operations.

Chinese media reports suggest that Bao’s absence may be linked to an investigation involving a former executive at China Renaissance. This development has impacted the completion of auditors’ work and the approval of annual reports, leading to a suspension of share trading.

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