Yu Qiuyu, a well-known Chinese writer, reportedly holds 1.5 percent of Shanghai-based Xujiahui Shopping Center's shares, which are valued at 67 million yuan.
According to the Shanghai-based retailer's prospectus to the China Securities Regulatory Commission on Oct 23, Yu holds the shares for 2.41 million yuan, or 2.92 yuan apiece, making him the company's 10th-largest shareholder. The company's listing on the Shenzhen SME (small- and medium-sized enterprise) board has been approved.
Yu invested in the company eight years ago and now owns more than 5 million shares. The law requires these shares be frozen for one year. But once this period expires, Yu is free to sell them.
Yu follows filmmaker Feng Xiaogang, whose 2.88 million shares in Huayi Brothers Media Group, a film and television production company listed on the ChiNext in Shenzhen, will make him China's richest movie director with a market value of more than 200 million yuan at the end of the first trading week.
Huayi Brothers' shareholders also include famous director Zhang Jizhong and movie stars Li Bingbing and Huang Xiaoming, who all gained millions after the listing of the company.
Related readings:
5. Rich dad, rich daughter
A 20-year old college girl named Zhao Zitong scooped 1.8 million shares of Xi'an-based Bode Energy Equipment for 1.8 million yuan, according to the company's prospectus to the China Securities Regulatory Commission.
The company passed the regulators' primary IPO review procedures on Sept 21, 2009, and got listed on Oct 15. Its shares closed at 40.3 yuan on Dec 24, 2009, making Zhao's wealth more than 70 million yuan.
Domestic media reported Zhao was born in January 1989 and is now a junior student majoring in accounting at Changchun University of Technology. She got the money from her parents.
Related readings:
6. Breakout appearances