SHE:300357

2 stories mentioning SHE:300357Updated just now

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Zhejiang Wolwo Bio-Pharmaceutical Chairman Resigns Following Divorce

Zhejiang Wolwo Bio-Pharmaceutical (SHE:300357) chairman and actual controller Hu Gengxi resigned after his divorce with his wife and co-actual controller Yanni Chen, according to a Wednesday filing with the Shenzhen bourse.Following their divorce, Chen will become the sole actual controller. Hu will retain personal ownership of his directly held 43.7 million shares, equivalent to 8.35% of the stock of the drug manufacturer.Chen is the sole owner of Haory (Hong Kong), which holds 40% of controlling shareholder Zhejiang Wolwo Management Consulting, which holds 38.86% of the listed drugmaker.The drugmaker for allergic diseases will soon elect Hu's successor.

SHE:300357

Asia2h ago

Zhejiang Wolwo Bio's Controlling Shareholder Pledges 35 Million Shares

Zhejiang Wolwo Bio-Pharmaceutical (SHE:300357) said its controlling shareholder, Zhejiang Wolwo Management Consulting, pledged 35 million shares in the company to Guotai Haitong Securities on Monday, according to a Tuesday filing.The pledged shares represent 17% of the shareholder's stake, and 6.68% of the company's total shares.Following the transaction, Zhejiang Wolwo Management Consulting holds 203.5 million shares, or 39% of the company, it said.

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