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Key FactsAsia's wealthiest woman Yang Huiyan has lost half of her fortune due to the Chinese real estate crisis.
Apr 26, 2023 · Reading time: ~30 sec.
Summary created with AI assistance
  • According to official media, Ms Yang acquired her money when her father, Country Garden founder Yang Guoqiang, donated his shares to her in 2005.

  • After the developer's initial public offering in Hong Kong two years later, she became Asia's richest woman.

  • Ms Yang owns a majority stake in the Chinese real estate conglomerate Country Garden.

  • The proceeds of the transaction will be used for "refinancing existing offshore indebtedness, general working capital and future development purposes," Country Garden stated in a filing with the Hong Kong stock exchange.