MeHow Shenzhen Listing Mints New China Medical Device Billionaire - Forbes

China added a caller billionaire contiguous with the listing of aesculapian instrumentality and idiosyncratic protective instrumentality supplier MeHow Innovative astatine the Shenzhen Stock Exchange.

Shares roseate by 21.3% to 37.19 yuan astatine midday, compared with the IPO terms of 30.66 yuan. That near president Xiong Xiaochuan’s involvement successful the concern worthy astir $1.1 billion.

Born successful 1966, Xiong worked for Sichuan Changhong Electric aboriginal successful his career, earlier earning an MBA from the University of Warwick. He returned to China arsenic an enforcement successful Skyworth’s tiny household appliances division, earlier becoming president of Shenzhen-headquartered MeHow successful 2010.

The institution has facilities successful China, Malaysia and Ireland.

China has the world’s second-largest fig of billionaires aft the United States.

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