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Video Firm Baofeng Loses Nearly All Employees in Wake of Flopped British Deal

2019年12月03日 21:11 来源于 财新网
Company may see its shares suspended due to negative net assets
Shenzhen-listed Baofeng said Monday that all its senior executives have resigned except for Feng Xin, its founder and chairman. Photo: IC Photo

Almost all staff have left troubled online video service provider Baofeng Group Co. Ltd., which has been haunted by operational and financial challenges as it struggles to manage fallout from its involvement in a high-profile and ill-fated acquisition of British firm MP & Silva Holding SA.

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