BRIEF: China Renaissance international chief resigns after just eight months

1911.HK

Boutique investment bank China Renaissance Holdings Ltd. (1911.HK) announced on Tuesday that Lam Ka Cheong has resigned as an executive director to pursue new business opportunities.

Lam was only appointed as the company’s vice chairman in February and was mainly responsible for its international business. The company’s shares were suspended for more than a year after founder and chairman Bao Fan went missing, reportedly detained to assist in a corruption investigation, and was unable to sign its financial reports. Bao resigned from the company in February and was replaced by co-founder Xie Yijing, paving the way for trading in the company’s shares to resume.

Last month, Lam and the other three executives promised not to sell any of their 2.2% stake in the company before March 7 next year. Lam will not terminate the lock-up period following his departure.

By Lau Chi Hang

To subscribe to Bamboo Works weekly free newsletter, click  here

,
, ,

Related Articles

RELATED ARTICLES

  1. Amber International does finance
    BRIEF: China Renaissance founder Bao Fan being probed for corruption
    1911.HK
  2. Yibin Bank’s IPO spotlights challenges facing regional lenders
    2596.HK
  3. BRIEF: Xpeng，Leapmotor make triple-digit gains in February as BYD retains NEV crown
Discover hidden China stock gems in our weekly newsletter

Follow us

Facebook Twitter Linkedin Weixin Weibo Youtube

Subscribe to Our Free eNewsletter

Subscribe

Check out our content with some of our syndication partners

factiva

Recent Articles

Illustration of Hong Kong as a ipo pipeline and crypto lab for China

Hong Kong: China’s IPO pipeline and crypto lab

Companies raised $13.6 billion through Hong Kong IPOs in the first half of the year, giving the city the global fundraising title for that period. What's behind the sudden boom? And a growing number of Chinese companies are experimenting with cryptocurrencies in Hong Kong, even as such currencies are banned on the Mainland. What's driving such different approaches on the Mainland and in Hong Kong?