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Yangzijiang founding member transfers 394 mil Yangzijiang shares to employee benefit trust

Felicia Tan
Felicia Tan12/24/2021 03:28 PM GMT+08  • 2 min read
Yangzijiang founding member transfers 394 mil Yangzijiang shares to employee benefit trust
The trust is set up for the purpose of rewarding employees of the group.
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Wang Dong, a founding member of Yangzijiang Shipbuilding (Holdings), has transferred a total of 394.13 million shares of Yangzijiang to a new irrevocable employee benefit trust.

The trust is set up for the purpose of rewarding employees of the group.

The shares were held under Lido Point Investments, of which Wang is a 100% shareholder.

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