Latest news and articles about family-controlled firms
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A former husband, and ex-deputy general manager of STO Express, has sued to claim half of a 40.57 million-share block held in the name of co-founder Chen Xiaoying, seeking about 20.28 million shares worth roughly 280 million yuan. STO says the suit concerns a private divorce-related shareholder qualification dispute and will not materially affect operations or control, but the case raises broader questions about governance in family-controlled Chinese listed companies.
