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Asia's former richest woman donates 55% of her company, or $826 million, to charity

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. ....

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Asia's former richest woman donates 55% of her company, or $826 million, to charity

Asia's former richest woman donates 55% of her company, or $826 million, to charity
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Asia's former richest woman Yang Huiyan gives $826m

Yang has seen her fortune slump 80% from $34 billion in about two year. This donation brings her fortune to below $7 billion. ....

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