Shares In Chinas Cybersecurity Firm 360 Fall After Founders Divorce Deal - Qoneqt
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    Sonal Shridhar Shinde in News

    06-Apr-2023 04:02 PM


    Shares In China's Cybersecurity Firm 360 Fall After Founder's Divorce Deal

    The founder will give a 6.25% share to his wife.
    Shares in Chinese cybersecurity company 360 Security Technology plunged on Thursday after the firm announced that its billionaire founder Zhou Hongyi and his wife were divorcing and that he would give her a 6.25% share.
    Shares in 360 Security, China's largest provider of cybersecurity products, fell by as much as 7.8%, its biggest one-day fall since February.
    Thursday marked the first trading after the announcement, as markets were shut on Wednesday for a public holiday.
    Prior to the divorce, Hu had no shares in the company.
    Zhou founded 360 Security Technology in 2005.
    Source: NDTV