Everwin Precision’s Chairman Chen Qixing Becomes Billionaire

Chen Qixing, chairman of Shenzhen Everwin Precision Technology Co., became a billionaire as the stock jumped to a record.

Chen, who owns 38 percent of the Shenzhen-based electronics parts maker, has a net worth exceeding $1 billion, according to the Bloomberg Billionaires Index. The stock climbed by the daily 10 percent limit to 30.71 yuan ($4.95) at the close in Shenzhen.

Tao Jing, securities representative for Everwin Precision, confirmed the billionaire’s shareholdings.

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