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Yu Donglai Responds to Pangdonglai's "4 Billion Yuan Asset Allocation"
Viewpoint Network News: On March 14, Founder Yu Donglai of Pang Donglai posted on social media to clarify the public concern regarding the “4 billion yuan asset distribution.”
Yu Donglai stated that the 4 billion yuan asset distribution actually follows the distribution system that Pang Donglai has maintained for over twenty years. Since they are planning to open the Dream City store soon, they converted the assets into equity to avoid future financial distribution issues. The goal is to ensure transparent and secure operation and development of the company.
It is reported that Yu Donglai holds approximately 5% of the distribution, equivalent to about 200 million yuan, with the remaining assets shared among the management team and employees.
Disclaimer: The content and data of this article are compiled by Viewpoint based on public information and do not constitute investment advice. Please verify before use.