KE Holdings' (HKG:2423) chairman, CEO, and controlling shareholder, Yongdong Peng, intends to donate 9 million class A ordinary shares of the company, an April 17 Hong Kong bourse filing said.
The post-tax funds will be used to provide healthcare benefits for the service providers in the housing related industry and their family members, as well as to provide rental support for tenants, including fresh graduates.
Following completion, Peng will remain a controlling shareholder of the housing transaction services provider.
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