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Chinese siblings become billionaires after Crown New Materials' Shenzhen stock debut

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Michael Mai and his sister Mai Huixia became billionaires after the public listing of Crown New Materials Technology on the Shenzhen Stock Exchange. The company's shares rose nearly eightfold in a single day of trading. Crown New Materials makes adhesives for major customers including Tesla and Apple. The surge has also prompted calls for rational investment behavior, given recent turbulence and government intervention in China's stock market.

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