Following gains in the share price of the Shenzhen-listed Shandong Realcan Pharmaceutical Company Limited, Chairman Han Xu, has joined the exclusive ranks of the world’s billionaires.
Realcan’s main business is distributing drugs to high-end medical market, basic health care market and commercial distribution. The Company operates its businesses primarily in China.
Han Xu and his wife Ren Hua Zhang own a combined 42 percent of Realcan, a stake that was worth $1.1 billion.
Ren Hua Zhang (Zhang Renhua) is Realcan’s vice chairman and general manager.
Han Xu, born in 1965, is a permanent resident of Canada.
(Reporting by Hong Kong and Singapore newsrooms)
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