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Caixin Global

Business

Wang Jing and Denise Jia

Baoneng Chairman Yao Zhenhua Is Not Missing, Despite Court Statement

Shenzhen Caixin

What’s new: Embattled conglomerate Baoneng Group Tuesday denied a court statement that the whereabouts of Chairman Yao Zhenhua were unknown and the court had to deliver several documents to him in the form of public statements.

Yao appeared in person Monday at the company’s auto factory in Shenzhen, Baoneng said through its social media WeChat account. It posted a picture of Yao at the factory.

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