"Razor king" Li Qiteng to take control of loss-making Shanghai Yahong for 900m yuan; Xie Yaming and others cash out 1.2bn yuan

Li Qiteng, known as China's "razor king", is set to take control of loss-making Shanghai Yahong (亚虹) for 900 million yuan, his first entry into A-share ownership, with Xie Yaming and others cashing out about 1.2 billion yuan, according to a report carried by Zhongjin Online. The stock hit both the limit-up and limit-down ("sky-earth board") amid the ownership change.

Detected & updated continuously · Source: Nebula