One of China’s top investment bankers has become unreachable, according to his company
. China Renaissance, an investment bank and private equity firm based in Beijing, said in a Thursday filing to the Hong Kong stock exchange that it “has been unable to contact” Bao Fan, its chairman and CEO. Shares of the company plunged as much as 50% in Hong Kong on Friday following the news. The stock last traded 29% lower. “The board is not aware of any information that indicates that Mr.
Chinese authorities detained Cong Lin, the company’s president, in September, it reported, citing unidentified sources. China has a history of detaining execs Bao’s disappearance follows those of other high-profile business leaders in China, where it is not uncommon for executives to suddenly drop off the radar with little explanation.
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