Investment bank China Renaissance says chairman Bao Fan unreachable

Investment bank China Renaissance says chairman Bao Fan unreachable

FILE PHOTO-Fan Bao, founder, Chairman and CEO of China Renaissance Group, an investment bank led by one of the country’s most famed rainmakers, holds a news conference on its IPO in Hong Kong, China September 13, 2018. REUTERS/Bobby Yip

China Renaissance Holdings Ltd saw its shares plummet by as much as 50% on Friday after the boutique investment bank said it is unable to contact Chairman and Chief Executive Bao Fan.