Tag: HONG KONG STOCK EXCHANGE

Mao Geping Becomes Billionaire After Cosmetics Company’s Successful Hong Kong Launch

Dec 11, 2024

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by

Oliver Henderson

in general invests

Mao Geping Cosmetics Co. experienced a spectacular 92% rise during its debut on the Hong Kong stock exchange, leading its founder, Mao Geping, to become a billionaire with an estimated fortune of $1.6 billion. The IPO raised $300 million and reflects significant investor confidence in the luxury cosmetics sector despite China’s economic challenges. Mao Geping,…