|Bid||7.250 x 0|
|Ask||7.270 x 0|
|Day's Range||7.150 - 7.410|
|52 Week Range||5.000 - 11.720|
|Beta (5Y Monthly)||0.97|
|PE Ratio (TTM)||13.98|
|Earnings Date||Aug 30, 2022|
|Forward Dividend & Yield||0.45 (6.13%)|
|Ex-Dividend Date||Jul 08, 2022|
|1y Target Est||10.64|
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Boutique investment bank China Renaissance Holdings said it would delay its audited annual results and suspend its stock trading from Monday, after mainland authorities took away its chairman, Bao Fan, to co-operate with an investigation. In a filing to the Hong Kong stock exchange, the bank said auditors told it they were unable to complete their audit and sign off on the earnings report until Bao, as controlling shareholder, becomes generally available for contact. "While the company has used its best efforts to facilitate the requests of the auditors", those requests are not matters within the control of China Renaissance, the bank said in the filing, adding that the board "was not able to reasonably estimate when it would meet to approve" the 2022 annual results.
(Bloomberg) -- China Renaissance Holdings Ltd. said it’ll suspend trading of its shares from Monday and delay the release of its audited results for 2022, as the investment bank failed to get in touch with Chairman Bao Fan who was cooperating in an investigation by Chinese authorities. Most Read from BloombergGoogle and Amazon Struggle to Lay Off Workers in EuropeUBS Chairman’s Top-Secret Prep Paid Off in Credit Suisse MomentTop Tax Mistakes to Avoid If You Make More Than $100,000The Final Missi
Top tech financier Bao Fan has been missing for over 10 days, with the company he founded confirming he's been detained for questioning.
Missing Chinese investment banker Bao Fan is co-operating with an investigation in China, his company China Renaissance said in a stock market filing Sunday. Since Bao went missing, China Renaissance Holdings Ltd.'s Hong Kong-listed shares have slumped as much as 29%. “The Board has become aware that Mr. Bao is currently cooperating in an investigation being carried out by certain authorities in the People's Republic of China,” the company filing said.
(Bloomberg) -- China Renaissance Holdings Ltd. said Chairman Bao Fan is cooperating in an unspecified investigation by Chinese authorities, offering the first public information about the banker’s whereabouts since he disappeared just over a week ago.Most Read from BloombergFed Event Scrapped After Participant Shows Porn in Zoom RoomIsrael’s Window to Strike Iran Narrows as Putin Enters EquationSingapore PM Lee’s Estranged Brother Weighs Presidential RuniPhone Maker Plans $700 Million India Plan
China Renaissance Holdings said in an exchange filing on Sunday that its missing chairman and star dealmaker Bao Fan was currently cooperating with relevant Chinese authorities conducting an investigation. This is the first time the mainland China-based boutique bank has given a reason for the disappearance of its founder -- who was reported missing 10 days ago -- though no details about the investigation were shared. Reuters previously reported, citing sources, that authorities took Bao away earlier this month to assist in an investigation into a former colleague, Cong Lin, the company's former president.
Bao Fan, a rainmaker in China's technology industry, is assisting Chinese authorities in an investigation, his company China Renaissance Holdings announced on Sunday, 10 days after it said its founder and chairman could not be contacted. The investment banker, born in 1970, was "cooperating in an investigation carried out by certain authorities" in mainland China, the Hong Kong-listed company said in a stock exchange filing. It did not elaborate on whether the probe was conducted by China's law-
HONG KONG (Reuters) -The disappearance of a star Chinese dealmaker has left his bank struggling to reassure clients and staff, people with knowledge of the matter said on Monday, and has heightened concerns about "key man risk" for investors. Shares of China Renaissance Holdings fell by as much as 5% on Monday, following a record low in the previous session after the investment bank said it could not contact its founder, chairman and CEO Bao Fan. Though the reasons for Bao's disappearance are unclear, his case follows a series of incidents in which high-profile executives in China have gone missing with little explanation during a sweeping anti-corruption campaign spearheaded by President Xi Jinping.
Well-known Chinese dealmaker Bao Fan, founder of investment bank China Renaissance Holdings Ltd, has gone missing in the latest disappearance of a top business executive in the country, unnerving investors. The dealmaker's disappearance is the latest in a series of cases of high-profile Chinese executives going missing with little explanation during a sweeping anti-corruption campaign spearheaded by President Xi Jinping. The reasons for Bao's disappearance are unclear.
Is China about to get tough on Big Tech again? The disappearance of investment banker Bao Fan raises that prospect.
China Renaissance said it was "unable to contact" its CEO Bao Fan, sending shares plunging in Friday morning trading.
(Bloomberg) -- Bao Fan’s knack for closing complicated deals and spotting rising tech stars made him one of China’s most influential financiers. Most Read from BloombergApple Makes Major Progress on No-Prick Blood Glucose Tracking for Its WatchMcKinsey Plans to Eliminate About 2,000 Jobs in One of Its Biggest Rounds of CutsChina Urges State Firms to Drop Big Four Auditors on Data RiskPutin Has Decided to Normalize His WarHow Much Do Investors Say They Need to Retire? At Least $3 MillionHis sudde
Shares of the company that operates one of China’s top investment banks, China Renaissance, plunged Friday after the firm said it had lost touch with its founder Bao Fan, one of the country's most high-profile bankers and a top tech-sector dealmaker. China Renaissance Holdings said in a filing to Hong Kong's stock exchange Thursday that it had been unable to contact Bao, who has worked on major deals including e-commerce company JD.com’s $2 billion initial public offering and the public listing of short video platform Kuaishou in Hong Kong. The company said that it was “not aware of any information that indicates Mr. Bao’s unavailability” was related to the business of the group.
(Reuters) -Chinese dealmaker Bao Fan, founder of investment bank China Renaissance Holdings Ltd, has gone missing in the latest disappearance of a top business executive, unnerving investors and sending its stock down as much as 50% on Friday. The mainland China-based boutique bank said in an exchange filing late on Thursday the company had been unable to contact Bao. China Renaissance's board was not aware of any information that indicated Bao's "unavailability is or might be related to the business and/or operations" of the group, which, it said, was continuing normally.
Members of the Program Will Support Shanghai’s Plans to Become One of the World’s Top Investment HubsHONG KONG, July 07, 2022 (GLOBE NEWSWIRE) -- China Renaissance Holdings Limited (“China Renaissance” or the “Company”; stock code: 1911.HK) is pleased to be selected by the Shanghai Municipal Commission of Economy and Informatization to become a member of the 2022 Shanghai Global Investment Partnership Program at this year’s Shanghai Global Investment Promotion Conference, which was attended by C
HONG KONG, June 07, 2022 (GLOBE NEWSWIRE) -- China Renaissance Holdings Limited (“China Renaissance” or the “Company”; stock code: 1911.HK) is pleased to announce that, the Company has been honored among the top ten-biggest private equity groups in mainland China, and ranked 150 in the world on the PEI 300 list, a ranking by London-based Private Equity International (PEI), a leading magazine for the private equity industry. The PEI 300 ranks groups by the amount of direct-investment private equi
(Bloomberg) -- Chinese startups will struggle to attract investment throughout 2022 and possibly beyond, one of the country’s most successful dealmakers said, adding to a chorus of warnings about a reckoning for global tech firms after years of easy money.Most Read from BloombergAmazon’s Stock Split Delivers More Than Bargained ForApple Products Set to Use Common Charging Point After EU DealTop Economist Urges China to Seize TSMC If US Ramps Up SanctionsInflation Is Poised to Ease According to T