Latest Breaking News On - Country garden services holdings company - Page 3 : vimarsana.com

Yang Huiyan, Asia’s former richest woman, is donating over half of her company to a charity founded by her sister amid China’s real estate crisis. The donation: Yang, the current chair of property management firm Country Garden Services Holdings Company, is giving away 55% of her personal stake, which equals to about an $826 million payout, reported Bloomberg. The move comes as the company suffers through a net loss due to “the decrease in gross profit margin for real estate business and the increase in provision of impairment for property projects under the impact of the downward trend in sales of the real estate industry,” the company noted in a filing to the Hong Kong stock exchange on Monday.

United statesHong kongYang huiyanCountry garden services holdings companyGuoqiang foundation hong kongCountry garden servicesCalled racial slur