Mom Ye Huimei Becomes Billionaire, "Jay Chou Concept Stock" Soars on First Day of Listing Legendary | Jay Chou | Ye Huimei
According to the Wall Street Journal and China Times News on July 14th, the "Jay Chou concept stock" of superstar legend was listed on the Hong Kong Stock Exchange on the 13th, and its stock price soared on its first day of listing. The wealth of Ye Huimei, co-founder of superstar legend and Jay Chou's mother, also rose sharply, entering the ranks of billionaires.
According to reports, the initial public offering price of Star Legend was HKD 4.25 per share, with a rise of over 48% on the 13th. The shares held by Jay Chou's mother, Ye Huimei, are worth up to 54 million US dollars at the issue price.
Giant Legend is a new retail operator established in 2017. Although Jay Chou himself does not hold any shares, he is deeply related to Jay Chou and is known as the "Jay Chou concept stock".
It is reported that Superstar Legend was established with the help of Jay Chou's "family and friends group". The four founders are Jay Chou's mother Ye Huimei, agent Yang Junrong, and long-time work partners Chen Zhong and Ma Xinting, with a total shareholding of 64.47%. Jay Chou's former official lyricist, Fang Wenshan, was the company's Chief Cultural Officer.
Public information shows that the business of Giant Legend is divided into two main parts: new retail and IP creation and operation. Among them, retail products include "low-carbon weight management beverage" Moji Coffee, as well as beverages, food, and skin care products. The IP operated mainly includes Jay Chou's anime image, "Zhou Xuexue", and the famous couple Liu Genghong on fitness network. In addition, they also invested in Jay Chou's reality show "Journey of Zhou", and participated in the planning of Jay Chou's many performing arts activities.
In addition, according to the Lianhe Zaobao, before the successful listing, the legend of superstar failed to submit to the Hong Kong Stock Exchange for three times in September 2021, March 2022 and October 2022, and was not approved until the fourth submission on April 11 this year. The initial public offering, originally scheduled for June 13th, was once again temporarily suspended four days before going public and postponed to July 13th.