China Adds A New Vaccine Billionaire {China Adds A New Vaccine Billionaire} – English

China Adds A New Vaccine Billionaire {China Adds A New Vaccine Billionaire} – English

The post China Adds A New Vaccine Billionaire appeared first on Wealth-X.


 

Shares in vaccine maker Changchun BCHT Biotechnology rose by 226% from their IPO price on debut on the STAR board at the Shanghai Stock Exchange to close at 118.5 yuan. That left President Kong Wei’s 25% stake worth 12 billion, or nearly $1.9 billion.

 

Founded in 2004, the company is a spinoff from the Changchun High & New Technology Industry (Group), which holds 41% of its shares.

 

Read the full story on Forbes here.

The post China Adds A New Vaccine Billionaire appeared first on Wealth-X.