(Hong Kong Comprehensive News) China Financial Enterprise Huaxing Capital was announced, and Bao Fan, chairman and founder of the chairman and founder, still cooperated with relevant institutions for investigation.
Comprehensive Bloomberg and Caixin.com reported that Huaxing Capital Holdings issued an announcement on Wednesday (August 9) on Wednesday (August 9) saying that Bao Fan continues to cooperate with the investigation of relevant agencies in mainland China and reiterates the current business and operations of the group's current business and operations.normal.The executive committees including two executive directors Xie Yizhen and Wang Lixing will continue to be responsible for the company's daily management and operation.
Caixin.com quoted people familiar with the matter and said that Bao Fan's previous reserve period has been extended.
Bao Fan was taken away in early February.Huaxing Capital issued an announcement on February 26 that the company has been trying to contact and confirming Bao Fan's situation.The announcement also said that the board of directors had learned that Bao Fan was cooperating with the investigation by relevant Chinese agencies.
The Wall Street Journal quoted people familiar with the matter in March that the reason for Bao Fan was related to the former president of Huaxing Capital and the Chairman of Huaxing Capital Hong Kong Securities subsidiary Jungle case.According to reports, Bao Fan was detained in the form of special detention of "apartment".The maximum period of "separation" is six months.
It is reported that Huaxing Capital was a tide of the domestic Internet mergers and acquisitions.Bao Fan witnessed the rise of many Internet companies such as JD.com, Didi, 360, and helped these companies to expand mergers and acquisitions.
