Water bottling billionaire with NZ links now one of China's richest men

Wed, 09 Sep 2020

He’s now one of China’s richest men and his water bottling empire stretches to New Zealand. Zhong Shanshan’s water bottling company, Nongfu Spring, debuted on the Hong Kong stock exchange on Tuesday NZ time. Immediately its shares bubbled upwards, at one point trading at an 85 percent premium to the HK$21.50 listing price. Shanshan, as a major shareholder in the business, benefitted handsomely and saw his net worth rocket to US$51 billion, Bloomberg reported. Shares fell back before the end of the trading day to end up about 50 percent at...

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