Couple Ride IPO to Top of China's Rich List
Published:
2010-05-06
Li Li and his wife Li Tan, founder of Shenzhen Hepalink Pharmaceutical, have become the mainland's richest couple overnight after the company completed its initial public offering on the Shenzhen stock exchange yesterday. The stock started trading at a record starting price of 148 yuan per share and as the company's stock rose to 179 yuan per share, the couple's fortune reached 51.5 billion yuan, which exceeds the personal wealth of BYD chairman Wang Chuanfu. Wang, with an estimated personal wealth of 35 billion yuan at the end of last year, was named the mainland's richest man by both Forbes Magazine and Hurun. Hepalink produces heparin used as an anticoagulant in medicine.
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