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6-year-old shareholder on GEB

By Zhao Tingting (chinadaily.com.cn)
Updated: 2010-06-29 15:58
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Wu Qinyi, a 6-year-old girl, may become the youngest shareholder on China's Nasdaq-style growth enterprises board (GEB), breaking the former record set by 13-year-old Gong Hanyuan, Today Morning Express reported Tuesday.

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Wu inherited 62,500 shares of Shaoxing-based Zhejiang Sunflower Light Energy Science & Technology LLC (Sunflower) from her father, former secretary of Sunflower's board who passed away in a traffic accident on Nov 18, 2009.

Sunflower's initial public offerings (IPO) application on the GEB will be reviewed by related authorities today. If approved, Sunflower will be the first Shaoxing company listed on the GEB and Wu will be the youngest shareholder.

Sunflower's IPO price was estimated at 15 yuan apiece, indicating Wu's wealth at 937,500 yuan, the newspaper said.

The former youngest shareholder, Gong Hanyuan, holds 220,000 shares of Xiamen 35.com Technology Co Ltd, with a market value of about 10 million yuan.