CHINA AOYUAN soared 147%! The founder sold more than half of the shares and introduced Multi Gold from the United Arab Emirates as the largest shareholder
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China Aoyuan introduced Multi Gold from the United Arab Emirates as the largest shareholder, causing the stock price to soar by 147.9% to HKD 0.295 at one point. Founder Guo Ziwen transferred 620 million shares (16.5%) of equity, reducing his stake to 13.3% and no longer serving as the controlling shareholder. Multi Gold is seen as a strategic investor and is expected to establish important cooperation with China Aoyuan. The transfer will not affect the company's operations and financial performance. The new chairman of the board is Mohamed Obaid Ghulam Badakkan Alobeidli, who is expected to bring in more investment opportunities
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