Eric Tse, who graduated with a finance degree from the University of Pennsylvania last year, was handed approximately HKD$2.98 bn (£296m) on Tuesday, making him the biggest shareholder of the Sino Biopharmaceutical company. He was named an executive director and member of the company's executive board committee, according to the company's statement on Wednesday. He also share snapshots with former NBA basketball star Yao Ming and Olympic gold medalist swimmer Sun Yang. Outside of his parents, his older sister Theresa Tse has joined the company and become the chairwoman in 2015, which she holds 11 per cent of the company's capital share. The combined value of Sino Biopharmaceutical shares held by the family is about $8.5 billion, Bloomberg calculations show.

Source: Daily Mirror October 26, 2019 01:41 UTC