Reported 11 months ago
The well-known chairman of the listed chemical company Longbai Group in Mainland China, Xu Gang, passed away suddenly last month at the age of 61 due to illness. His 34-year-old daughter Xu Ran took over the reins, inheriting 101.35 billion RMB worth of shares, while his 14-year-old son inherited shares valued at 25.73 billion RMB. Despite Xu Gang gradually passing on power to the next generation, his sudden death still shocked many. The daughter, Xu Ran, has a master's degree and has been actively involved in the company's decision-making, with market expectations high for her to lead the Longbai Group's continuous growth.
Source: YAHOO