New | The stocks linked to China’s missing tycoon Xiao Jianhua

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A cityscape of Baotou in Inner Mongolia, from where tycoon Xiao Jianhua built his business empire. Privately held Hengtai Securities, to which he’s been linked, is in the foreground. Photo: Bloomberg.

Published: 4:15pm, 1 Feb 2017Updated: 3:14pm, 10 Jul 2019

Xiao Jianhua (肖建華), ranked 32nd with his wife on Hurun’s China Rich List 2016, is estimated to be worth US$5.97 billion. A Peking University graduate, he founded his business in 1993 through three closely held units Baotou Beida Tomorrow Resource Technology (包頭明天科技), Baotou Beipu (北普實業) and Zhengyuan (正元) Investment Co., according to his April 15 interview three years ago, published on May 6, 2013 in the 21st Century Business Herald.

Here’s a list of publicly traded companies in mainland China and Hong Kong that linked to him, according to the Herald’s interview and entries in Baidu Baike.

Companies majority owned by Xiao:

Baotou Tomorrow Technology Co. (600091)

Zhengyuan owns 34.6 per cent of Baotou Tomorrow Technology Investment, while Beida owns another 3.4 per cent, according to Bloomberg’s data. Based in the largest industrial city of Inner Mongolia province, Tomorrow Technology is a raw materials producer, earning the majority of sales from manufacturing caustic soda, phenol, calcium carbide and plastic resins. It reported a net profit of 33.8 million yuan in 2015, recovering from two years of losses and declining revenues. Fiscal 2016 financial results are due on March 10. The stock has risen 18 per cent in the year through January 26, when trading was halted for Lunar New Year holidays on the Shanghai bourse.

A cityscape of Baotou in Inner Mongolia. Photo: Bloomberg

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