Reported about 1 month ago
China Renaissance Holdings Ltd. saw its shares crash by as much as 73% after resuming trading in Hong Kong, marking a significant drop attributed to the impact of former Chairman Bao Fan's detention amid a broader anti-corruption crackdown. The company, which reported substantial losses and declining revenue, is now facing scrutiny over its internal practices and has experienced a significant reduction in staff. Despite regulatory challenges, efforts to stabilize ownership and operations continue.
Source: YAHOO