日韩午夜精品视频,欧美私密网站,国产一区二区三区四区,国产主播一区二区三区四区

 

Wealth of China's richest shrinks by 9b yuan

0 CommentsPrint E-mail Chinadaily.com.cn, May 13, 2010
Adjust font size:

Shares of drugmaker Shenzhen Hepalink Pharmaceutical Co Ltd fell below its initial public offering price Tuesday, costing the company's founders billions of yuan, the National Business Daily reported Wednesday.

Li Li, founder and chairman of Shenzhen Hepalink Pharmaceutical Co.?

Shares of Hepalink closed at 144.25 yuan Tuesday, down 3.75 yuan from its issue price of 148 yuan, the highest on record for a Chinese stock.

Analysts say Hepalink's price fall is within their expectations, as its expensive IPO priced at 73 times its 2009 earnings, was too high for a drug material supplier.

Hepalink, the world's biggest maker of blood-thinning heparin products, on May 6 raised 5.9 billion yuan through issuing 40.1 million shares in the most expensive IPO. The price of Hepalink surged 18.36 percent to close at 175.17 yuan ($25.66) on that day.

The high IPO price had made the company's founders, the low-profile couple Li Li and Li Tan, the wealthiest people in Chinese mainland overnight. Their stake is worth 72 percent of the company, or 288 million shares.

Based on the closing price on May 6, the value of the stake exceeded 50 billion yuan ($7.3 billion), surpassing Wang Chuanfu, chairman of electric car manufacturer BYD, China's richest person in 2009 with a fortune of $5.1 billion, according to the 2009 Hurun China Rich List.

But the price fall Tuesday shrank the couple's wealth to 41.5 billion yuan, down 9 billion yuan.

 

Print E-mail Bookmark and Share

Go to Forum >>0 Comments

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter
主站蜘蛛池模板: 策勒县| 芮城县| 鹤壁市| 通化市| 兴宁市| 子洲县| 镇远县| 南阳市| 芷江| 理塘县| 莲花县| 米泉市| 舟山市| 广南县| 崇文区| 盘山县| 澄江县| 天津市| 富蕴县| 万州区| 贵州省| 宁化县| 沂南县| 阳泉市| 太保市| 交口县| 林西县| 济宁市| 藁城市| 民丰县| 合作市| 罗田县| 新泰市| 轮台县| 广汉市| 鄂尔多斯市| 邯郸县| 惠安县| 芦山县| 涪陵区| 美姑县|