MaxOne Semiconductor's (Suzhou) (SHA:688809) said its controlling shareholder, Zhou Ming, completed a share transfer to his former wife, according to a Tuesday disclosure on the Shanghai bourse.
Zhou transferred nearly 14.1 million shares, or 10.86% of the Chinese semiconductor company's total share capital, to his former wife, Jiang Chunlan, after their divorce.
Jiang also received 500,000 shares, or 0.39% of total shares, which were indirectly owned by Zhou.
After the transaction, Zhou continues to control over 44.1 million shares, or 34.06% of the company's total shares, along with persons acting in concert.