What is Hua Bangsong's Net Worth?
Hua Bangsong, a prominent Chinese businessman, has an impressive net worth of $1.2 billion. He is a newcomer to the billionaire circles, having amassed his fortune in the energy and chemicals industries within China. As the chairman and founder of Wison Engineering in Hong Kong, Hua Bangsong oversees the largest non-government controlled engineering and construction firm in the country.
Wison Engineering's Global Operations
Wison Engineering not only operates within China, but also extends its services to the USA, Hong Kong, and Saudi Arabia. Under Hua Bangsong’s leadership, Wison Engineering has expanded its portfolio to include ethylene cracking furnaces, a significant asset to their offerings.
Initial Public Offering (IPO) Success
The company had a successful IPO, raising approximately $154 million. During the IPO, Hua Bangsong sold 600 million shares but retained a dominant stake. Hua Bangsong and his wife remain the largest shareholders, holding almost 80% of the company. This control has proven beneficial, as Wison’s shares saw a substantial 35% increase since late January.
