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Finance & Markets

Former Plastics Salesman Becomes Billionaire As Chip-Cooling Materials Maker’s Shares Soar 719% On Debut

Shenzhen HFC chairman Sun Aixiang, who began his career selling plastics, now has a net worth of $1.7 billion. His brother-in-law, company director Zhao Jianping, has also become a billionaire.

Former Plastics Salesman Becomes Billionaire As Chip-Cooling Materials Maker’s Shares Soar 719% On Debut

We haven't written up this one. Forbes has the full story — the link below goes straight to it.

Read the original at forbes.com →

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KB Kookmin, BNY Back Cross-Border Digital Payments

At the site of a global financial event held at the Miami Beach Convention Center in Florida, the United States, a domestic financial company and a major US bank joined hands to expand their digital…

  • KB Kookmin Bank and BNY Mellon sign MOU in Miami Beach
  • Partnership aims to enhance cross-border payment services
  • Focus on remittance for Korean residents and international students

Asset Managers Warn Tender Offer Bill Could Deepen Shareholder Gap

Eighteen domestic and foreign asset management firms have joined forces to call for a re-examination of a proposed mandatory tender offer system set to be put to a plenary session vote in the National…

  • Eighteen asset managers warn against mandatory tender offer bill.
  • Bill could widen gap between controlling and ordinary shareholders.
  • Propose proportional tender offers for fairness.

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