Shinsun IPO Mints New China Genuine Estate Billionaire Loved ones

Rick Magliano

The start out of Hong Kong trade on Wednesday by serious estate developer Shinsun Holdings Group has formally minted a new China true estate billionaire family members.

Shanghai-headquartered Shinsun’s inventory finished the day now at HK$5.60, minor adjusted from its IPO cost of HK$5.59.   The 79% stake held by a relatives rely on managed by Shinsun’s 69-yr-outdated chairman Chen Guoxiang and family was worth $1.7 billion nowadays. 

Chen’s spouse  Zhu Guoling, is a co-founder.  Son Chen Hongni, 37 several years old, is the CEO Hongni is a Canadian citizen and retains a diploma from Fort Hays Point out College.

China’s richest actual estate billionaire family members is Yan Huiyan, chairman of Region Gardens, who holds a fortune truly worth $29 billion on the Forbes Authentic-Time Billionaires Checklist right now.

Soon after the  U.S., China is home to the world’s next-premier selection of billionaires. IPOs such as Shinsun’s have served gasoline their quantities this calendar year.

See relevant stories: 

How Billionaire Zuo Hui Dominates China’s True Estate Transactions

—Elaine Mao

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