World’s Latest Billionaire Emerges From Costly Asia Divorce
- Chinese tycoon Du gives $3.2 billion of shares to ex-wife
- Vaccine maker Shenzhen Kangtai has surged 60% this year
Kangtai has surged 60% this year, taking its market value to more than $13 billion.
Photographer: Anthony Kwan/BloombergThis article is for subscribers only.
A new female billionaire has emerged from one of Asia’s most-expensive breakups.
Du Weimin, the chairman of Shenzhen Kangtai Biological Products Co., transferred 161.3 million shares of the vaccine maker to his ex-wife, Yuan Liping, according to a May 29 filing, immediately catapulting her into the ranks of the world’s richest.