Sunday 3 August 2014

China Cultural Revolution 'hero' to make $30 mn from IPO

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China Cultural Revolution 'hero' to make $30 mn from IPO
Shanghai (AFP) July 31, 2014 - A former Cultural Revolution role model who shot to fame in 1970s China for submitting a nearly blank exam paper is poised to enjoy the fruits of capitalism as his company lists on the stock market. Zhang Tiesheng's stake in Liaoning Wellhope Agri-Tech Joint Stock will be worth more than 189 million yuan ($30 million) after it lists on the Shanghai exchange, according to company filings. ... more


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