Tuesday’s listing at the Shenzhen Stock Exchange by China electronics maker Delton Technology (Guangzhou) has minted the country’s latest billionaire.
Chairman Xiao Hongxing, 57, indirectly holds shares in Delton worth 8.9 billion yuan or $1.2 billion. Founded in 2002, the Guangzhou-headquartered manufacturer specializes in printed circuit boards; customers include U.S. computer brand Dell.
Delton’s stock closed at 50.44 yuan on Wednesday, the last day of stock trading in China this week ahead of the Tomb Sweeping Day holiday. Delton’s IPO price was…
