Hong Kong-listed China Renaissance suspends trading of its shares and postpones releasing its annual results due to the unavailability of its founder, Bao Fan. The dealmaker had been unreachable since mid-February.
China Renaissance was founded by Bao Fan in 2005 as a boutique investment bank. He is known for his expertise in guiding top technology companies in China through strategic deals. His influence can be seen in notable partnerships, such as the merger between Meituan and Dianping in 2015, which has helped shape China's food delivery landscape.
The company had filed auditors to assess its financial performance for last year but faced complications due to Bao Fan's disappearance. According to Chinese media reports, an investigation involving former executive Liu Liange has raised suspicions about Bao Fan’s involvement.
China Renaissance was founded by Bao Fan in 2005 as a boutique investment bank. He is known for his expertise in guiding top technology companies in China through strategic deals. His influence can be seen in notable partnerships, such as the merger between Meituan and Dianping in 2015, which has helped shape China's food delivery landscape.
The company had filed auditors to assess its financial performance for last year but faced complications due to Bao Fan's disappearance. According to Chinese media reports, an investigation involving former executive Liu Liange has raised suspicions about Bao Fan’s involvement.
I'm seeing a lot of red flags with this whole China Renaissance thing... Like, what's up with the founder just disappearing mid-February? It's not like he's some rich dude who can just vanish into thin air. And now they're suspending trading and postponing results because he's "unreachable"? Sounds fishy to me 
they just suspended trading of their shares and postponed their annual results... that's super unusual considering it's usually a big deal for these companies to release financial reports ASAP 
anyway, i'm kinda surprised that Bao Fan's been unreachable since mid-Feb lol did he just decide to take a sabbatical or is something more fishy going on 
... just kidding! But seriously, can you imagine being the CEO of a company and suddenly disappearing without a trail? It's like playing a super-long game of hide-and-seek... or in Bao Fan's case, "I'll be back when the financial reports are ready"... sounds suspicious 
. Who knew an investigation involving someone who used to work for him would just add fuel to the fire 
? I guess that's what happens when you're a dealmaker with a lot of influence... now it's like they say: "you can't take it with you" 
I mean, I've heard of people being busy, but disappearing mid-February like that? That's some serious MIA vibes 
. And now there's an investigation into his past... this just smells like a major financial mess 
! First, their founder goes MIA mid-February and now they can't even get auditors to do their job? What's really going on behind the scenes? 
! I mean, what if Bao Fan did something shady and now they're trying to sweep it under the rug? 
It's definitely making me wonder if there's more to this story than meets the eye...
... it's like, where do we even start with all this? I need some answers!!! 
! Suspending trading and delaying results is like being stuck in traffic, you know? Can't have your cake and share price growth too 
. Anyway, it's interesting that an investigation is on – I guess Liu Liange wants to get all the facts straight before making up his mind (or not) 
.
and now they're having trouble finding the founder lol. i mean what even is the deal with this guy bao fan? seems like he's hiding from his investors or something 
Is it just business as usual or is something fishy going on? 
. Hope everything gets sorted out soon and they can get back to doing what they do best - making strategic deals 
. the whole investigation thing is getting pretty messy - Liu Liange's involvement just adds more fuel to the fire. it's hard to say what's really going on without any concrete info... could this be a case of someone trying to avoid their own financial troubles? idk, maybe i'm just reading too much into it 
. one thing's for sure, this doesn't bode well for china renaissance investors 
plus, i don't think the government should be involved in this at all 
they should let the auditors do their thing and figure out what's going on 
and honestly, who was expecting him to be reachable anyway? 
i guess it's good that he's not trying to cook the books or anything 
just a little suspicious about all this...