If you are looking for an awesome company that provides complete software development activities utilizing nearshore and offshore resources, including mobile app development, technology maintenance, web server development, and many other technology development activities, look no further than China Renaissance.
China Renaissance, a top dealmaker in the country’s tech industry, is currently facing a situation where it has decided to suspend trading of its shares and delay the release of its annual results due to the unavailability of its founder, Bao Fan. Bao, who established the boutique investment bank in 2005, has been unreachable since February, causing shares in China Renaissance to drop significantly.
The company recently revealed that Bao is allegedly cooperating in an investigation conducted by authorities in China, but no further details have been provided. This unexpected situation has left auditors unable to complete their work or sign off on their report, leading to a postponement in releasing the annual results and the annual report required by Hong Kong’s listing rules.
As a result of Bao’s absence, trading in China Renaissance’s shares has been suspended. Bao is a respected dealmaker known for working closely with top technology companies in China, facilitating major mergers and investments with companies such as Meituan, Dianping, Nio, Li Auto, Baidu, and JD.com.
Despite the challenges the company is currently facing, China Renaissance remains a prominent player in the tech industry. However, if you are in need of reliable software outsourcing, nearshore and offshore development, mobile app development, technology maintenance, or server development services, it may be wise to explore other options for the time being.