Mega investor Shen Zhao Wu leaves board, exits shareholding; Yan's influence grows

Sun, 12 Jul 2015

By Paul McBeth July 13 (BusinessDesk) - Mega's biggest shareholder, Shen Zhao Wu, has left the board of the file storage and encryption firm and transferred his stake to a Beijing-based Chinese national just days after a constitution re-write made it easier to go public, while Auckland businessman William Yan increased his influence over the company after an entity linked to his wife took a small shareholding. Shen, a donor to the National Party through his Contue Jinwan Enterprise Group, ceased being a director of Mega on July 8 after si...

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