China's Richest Woman Gets a Promotion at Property Developer Country Garden
- Yang Huiyan will become co-chair alongside her father
- Yang inherited her father’s controlling stake in 2005
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Country Garden Holdings Co. elevated Yang Huiyan, China’s richest woman, to co-chair alongside her father, potentially giving her even more power over the nation’s largest residential developer.
Yang, 37, was Country Garden’s vice chairman. Now, she’ll assist her 64-year-old dad and founding chairman Yeung Kwok Keung in the day-to-day running of the business, helping to oversee strategic investments and new areas including retail, Country Garden said in a Hong Kong exchange filing Friday. Her re-designation will take effect immediately.