China Missing Banker’s Firm Delays 2022 Results, Halts Trading

(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. 

The firm said auditors haven’t been able to complete their audit and sign off on its earnings report with Bao unavailable for contact, according to its exchange filing late Sunday. The board is also unable to estimate when it will be able to approve its audited results or dispatch the annual report on or before the April 30 deadline.