Shares of China Renaissance Holdings reversed early gains to fall as much as 5 per cent on Monday, following a record low hit in the previous session that was triggered by the boutique investment bank saying it could not contact its chairman.The Hong Kong-listed stock, which climbed as much as 3.5 per cen
Shares of China Renaissance Holdings reversed early gains to fall as much as 5 per cent on Monday, following a record low hit in the previous session that was triggered by the boutique investment bank saying it could not contact its chairman.
The Hong Kong-listed stock, which climbed as much as 3.5 per cent early on Monday, gave up all those gains and fell to as low as HK$6.82. It hit an all-time low of HK$5 initially on Friday but later recovered some ground to close at HK$7.18, down 28 per cent.Dealmaker Bao Fan, founder of China Renaissance, has gone missing, in the latest disappearance of a top business executive in the country.
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