RTTNews | May 20, 2021 10:26AM EDT

10:25 Thursday, May 20, 2021 (RTTNews.com) - Shares of Chinese real estate brokerage firm KE Holdings Inc. (BEKE) are down 5 percent on Thursday's trading following news of the passing away of its founder, Zou Hui, 50, due to an unspecified illness.

KE Holdings said in a statement that Zou Hui, who was also the Chairman of the Board of Directors, passed away on Thursday, due to the unexpected worsening of his illness.

The company added that the Board of Directors will decide on required arrangements for corporate governance and other matters and an announcement will be made in two weeks.

The stock is currently trading at $47.78, down $2.48 or 5 % on the NYSE.

BEKE has traded between $31.79 and $79.40 in the past 52 weeks.

Read the original article on RTTNews ( https://www.rttnews.com/3196465/stock-alert-ke-holdings-slips-5-as-founder-zou-hui-passes-away.aspx)

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