Yiren Digital (YRD) said Monday that Executive Chairman and Chief Executive Officer Ning Tang boosted his indirect stake in the company to about 82.0% from 35.6%.
The shift occurred after a structural reorganization at the firm's controlling stakeholder, CreditEase Holdings, the company said. Tang now holds the entire equity interest in that controlling business.
The ownership changes will not alter the daily operations, leadership, corporate strategy, or governance of the company, Yiren Digital said.