What’s new: Four members of the leadership of Chinese real estate developer Country Garden Holdings Co. Ltd. have voluntarily taken significant pay cuts, the company announced Tuesday.
Since November 1, the annual salary of chairman Yang Huiyan, daughter of Country Garden founder Yang Guoqiang and one of China’s richest women, has been reduced from 370,000 yuan ($52,000) to 120,000 yuan, according to a notice filed with the Hong Kong Stock Exchange. Exchange.
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