Pursuits
Sun Qinghuan Poised to Be Billionaire on IPO of China’s MLS
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Sun Qinghuan, chairman of MLS Co., China’s biggest LED manufacturer, is poised to become a billionaire with an initial public offering.
MLS is planning to sell 44.5 million shares for 21.5 yuan ($3.44) on the Shenzhen Stock Exchange, according to a filing on Feb. 9. Sun will own about 357 million shares after the IPO, giving him a net worth of about $1.2 billion, according to the Bloomberg Billionaires Index.