China Renaissance founder Bao Fan ‘released' more than 2 years after sudden disappearance
Bao Fan – who helped introduce many of China's largest technology companies to the capital markets of Hong Kong and New York – has been set free, more than two years after he started
'cooperating' in an unspecified investigation launched by mainland authorities.
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According to a report by Chinese financial media outlet Caixin, which cited multiple sources, the 54-year-old founder of
China Renaissance Holdings 'has recently been released'.
China Renaissance did not immediately respond to a request for comment.
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China Renaissance stock closed up 16.84 per cent to HK$6.87 on Friday, about 21 per cent off its peak of HK$31.80 in February 2021.
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