A director of CHINA HONGBAO has temporarily lost contact
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CHINA HONGBAO announced that a director of its wholly-owned subsidiary Yuanwei New Materials Holdings Limited, Wu Yuexiang, has temporarily lost contact. The company discovered that all desktop computers and accounting documents of Yuanwei had been removed and has reported the matter to the Hong Kong police. Another director, Mr. Hua, is assessing the asset loss situation and conducting an internal investigation. The construction division's operations have been suspended, and the group is seeking legal advice to mitigate potential losses
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