Latest news and articles about Maxscend
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Maxscend’s co‑controller Xu Zhihan has transferred 17.15m shares (about Rmb1.3bn at current prices) to his ex‑wife as part of a divorce settlement. The transfer was registry‑based, includes caps on annual disposals, and does not change the company’s controlling block due to existing voting agreements. The move coincides with a weak earnings outlook as the company shifts toward a Fab‑Lite model.
