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The A-shares have once again seen sky-high divorce settlements, with the ex-wife of Weston’s actual controller, Mao Yuzhong, taking away over 900 million.
On April 20, Jin10 News reported that the Shenzhen Stock Exchange announced that the company’s actual controller, Mao Yuzhong, has recently notified that he has completed the divorce proceedings with XUXIANGFENG and made arrangements for the division of shares. According to the divorce agreement signed by the transferring and receiving parties, the transferring party will transfer 20 million shares of Weiston, accounting for 22.73% of the company’s total share capital, to the receiving party. As of the latest closing data, Weiston’s stock price closed at 46.4 yuan per share, which also means that the 20 million shares divided by Mao Yuzhong’s ex-wife are worth over 900 million yuan.