Chairman of Listed Company Passes Away, Underage Daughter Inherits 900 Million Yuan in Stocks

NightAirdropper · 2026-03-22T14:43:04+00:00

Shao Genhuo, former chairman of Da Bei Nong, passed away in February due to illness. His 928 million shares will be inherited by his spouse and minor daughter. His wife will inherit 696 million shares, and his daughter will inherit 232 million shares. Shao Genhuo was China's first "pig farming doctorate holder" and founded Da Bei Nong in 1993.

NightAirdropper

2026-03-22 14:43:04

Abstract generation in progress

This article is reprinted from Urban Express.

On the evening of March 20, the A-share listed company Dabeinong, with a market value of over 100 billion yuan, announced that its former actual controller and chairman, Shao Genhuo, passed away on February 3 due to illness. At the time of his death, he directly held 928 million shares of the company, accounting for 21.58% of the total share capital.

According to the notarization issued by Beijing Jingcheng Notary Office, Shao Genhuo did not leave a will nor sign any inheritance or support agreement with others before his death. Half of his shares in the company (i.e., 464 million shares of Dabeinong) are considered his estate and will be inherited jointly by his spouse, Mo Yun, and his minor daughter, Shao Moumou. Based on the division of joint marital property and inheritance law, Mo Yun inherits 696 million shares, accounting for 16.18% of the company’s total shares; his minor daughter Shao Moumou inherits 232 million shares, accounting for 5.39%.

As of March 20, Dabeinong’s stock closed at 4.08 yuan per share, with a market value of 17.5 billion yuan. Based on this, the 232 million shares inherited by his daughter Shao Moumou are valued at approximately 946 million yuan.

Public information shows that Shao Genhuo, the former actual controller of Dabeinong, was born in July 1965. He holds a Ph.D. in Agronomy from China Agricultural University and is China’s first pig nutrition Ph.D. graduate. In 1991, he began teaching at Beijing Agricultural College, becoming the university’s first doctoral faculty member. The China Agricultural University Alumni Association called him the country’s first “Pig Farming Doctor.” However, after just over a year of teaching, Shao Genhuo decided to leave the stable job and venture into business—in 1993, he used all his savings of 20,000 yuan to rent two small rooms in Wanquanzhuang, Haidian, and founded Dabeinong. According to 21st Century Business Herald.

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