China Renaissance halts trading and postpones financial results following founder’s mysterious disappearance

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China Renaissance, a top player in the tech industry, has halted trading of its shares and delayed the release of its annual results due to the unavailability of its founder, Bao Fan. Bao, renowned for his dealmaking savvy, has been unreachable since mid-February, causing shares in the company to plummet by as much as 50%.

Media reports suggest Bao might be involved in an investigation related to a former China Renaissance executive. As a result, auditors are unable to complete their work, delaying the approval of the company’s 2022 audited results and annual report.

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