China Hand-Tool Billionaire To Get Second Listed Company Tomorrow

Shares in Hangcha Group, a China forklift truck maker, will begin trading at the Shanghai Stock Exchange tomorrow, giving hand-tool billionaire Qiu Jianping a substantial stake in a second listed business. Qiu, chairman of Shenzhen-listed hand-tool maker Hangzhou Great Star Industrial, owns 30.2% of Hangcha Group. That doesn’t include his holdings [...]

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