Zoom founder Eric Yuan transfers RM24.72bil worth of shares

Zoom CEO Eric Yuan donated more than a third of his stake in the company, worth about RM24.72bil. — AP

Eric Yuan, chief executive officer of Zoom Video Communications Inc, donated more than a third of his stake in the company, filings show.

Yuan gifted almost 18 million shares of the conferencing-technology firm last week. The filings didn’t specify the recipient of the stock, which were owned by a Grantor Retained Annuity Trust, or GRAT, for which Yuan is a trustee.