Shinsun Holdings Group’s IPO at the Hong Kong Stock Exchange this Wednesday developed a new China … [+]
The start of Hong Kong trade on Wednesday by authentic estate developer Shinsun Holdings Group has formally minted a new China authentic estate billionaire household.
Shanghai-headquartered Shinsun’s inventory ended the working day today at HK$5.60, tiny adjusted from its IPO cost of HK$5.59. The 79% stake held by a family have faith in controlled by Shinsun’s 69-yr-old chairman Chen Guoxiang and relatives was really worth $1.7 billion right now.
Chen’s wife Zhu Guoling, is a co-founder. Son Chen Hongni, 37 a long time old, is the CEO Hongni is a Canadian citizen and retains a degree from Fort Hays State College.
China’s richest authentic estate billionaire family members is Yan Huiyan, chairman of Country Gardens, who retains a fortune worth $29 billion on the Forbes Real-Time Billionaires List these days.
Just after the U.S., China is household to the world’s second-largest selection of billionaires. IPOs these as Shinsun’s have helped fuel their figures this calendar year.
See similar tales:
How Billionaire Zuo Hui Dominates China’s Authentic Estate Transactions
—Elaine Mao