Guotai Junan International Hold. Limited (HKG:1788), a Hong Kong Forex, futures and equities broker, today issued an update regarding the status of its chairman Dr. Yim Fung, who went missing about a month ago.
The broker said today that during the period Dr.Yim Fung could not be contacted, he was “assisting in certain investigations carried out by Mainland authorities”. These words were also used to explain the disappearance of Mr. Guo Guangchang, executive director and chairman of Fosun International Limited (HKG:0656) earlier this month.
Guotai noted in its statement that neither Dr. Yim himself nor the company was the subject of the investigations by the Chinese authorities.
Dr. Yim will resume his duties as the Chairman of the Board as well as the Chief Executive Officer and Executive Director of the broker with effect from today, December 23, 2015.
You can view the official announcement from Guotai by clicking here.