CHINA-ECONOMY: CHINESE BILLIONAIRE OWNER OF MEITUAN TRANSFERS US$ 2.2 BILLION OF COMPANY'S HOLDING TO CHARITABLE FUND
|
Caixin reported (June 4) that Wang Xing, the billionaire founder of internet giant Meituan, will transfer $2.2 billion of his company holdings into a separate charitable fund, stock exchange filings showed, adding his name to a growing list of high-tech billionaires using their fortunes for philanthropy. The 57.3 million shares involved in the plan represent 10% of Wang’s holdings of Meituan’s Class-A shares, the June 3 filing with the Hong Kong Stock Exchange said. Based on the June 4 close of HK$302.20 a share, the stock would be valued at HK$17.3 billion ($2.2 billion).
|