# divorce settlement
Latest news and articles about divorce settlement
Total: 2 articles found
Maxscend Executive’s Divorce Transfers Nearly Rmb1.3bn in Stock but Control Remains Intact
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.
Ex-Husband Sues China’s ‘Express Queen’ for 280m RMB of STO Shares, Posing Governance Test for Family‑Run Courier
An ex‑husband has sued Chen Xiaoying and STO Express seeking around 20.28 million shares (≈RMB 280m), claiming the block was part of a 2012 divorce settlement. The Yuhuan court has accepted the case but not yet tried it; STO says the litigation will not materially affect operations or control while unresolved. The dispute highlights governance risks in family‑run Chinese public companies and could set a legal precedent for post‑divorce claims over equity that became listed after corporate restructuring.