Business2 sources
Chinese Siblings Become Billionaires After Stock Surge
- Crown New Materials Technology, which produces adhesives for companies like Tesla and Apple, saw its shares surge nearly eightfold on the Shenzhen Stock Exchange.
- The siblings reached billionaire status after the public debut of the company, with shares rallying as much as 787% during the first trading day.
- The company's success has prompted calls for rational investment behavior amidst recent market challenges.
- Crown New Materials Technology supplies adhesive materials to major clients including BYD, Apple, and Tesla.
- The surge in stock value highlights the potential for significant returns in the stock market.