On June 7th, GeLongHui reported that Yadong Group (01795.HK) released an announcement that, as part of family wealth planning, Mr. Xue Shidong will transfer all of his equity in Dongyong Holdings to his son Mr. Xue Liang on June 7, 2024 for a symbolic price (the "Share Transfer"). Before and after completion of the Share Transfer, Dongyong Holdings has always been the controlling shareholder holding 450 million shares, accounting for 75% of the company's total issued share capital.
亚东集团(01795.HK)：薛士东将其于东永控股全部股权以象征式代价转让予其子薛梁
Yadong Group (01795.HK): Xue Shidong transferred all of its shares in Dongyong Holdings to his son Xue Liang at a symbolic price
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