Chinese Businessman in Credit Suisse Venture Can’t Be Contacted
(Bloomberg) — Lei Jie, the chairman of China’s Founder Securities Co. and its brokerage joint venture with Credit Suisse Group AG., can’t be contacted, Founder told Shanghai’s stock exchange.
Lei asked for a week’s sick leave on Jan. 12 and the firm hasn’t been able to reach him since Jan. 19, with “a certain impact on the company’s internal operations,” Founder said Thursday night.
Founder Securities, based in Hunan province’s Changsha city, is China’s sixth-largest listed brokerage with a market value of more than $12 billion. Credit Suisse Founder Securities Co. was set up in 2008.
He Qicong was appointed acting chairman of Founder Securities on Jan. 21 and will remain in that job until Lei returns or the board sees a need to replace Lei, the company said, adding that it’s in contact with regulators.
To contact Bloomberg News staff for this story: Jun Luo in Shanghai at jluo6@bloomberg.net To contact the editors responsible for this story: Paul Panckhurst at ppanckhurst@bloomberg.net Tan Hwee Ann
