Zhu Yufeng, the son of Chinese solar energy billionaire Zhu Gongshan, will become president of Hong Kong-listed independent power producer GCL New Energy Holdings effective Monday, Dec. 7, the company said in a statement on Friday.
Zhu Yufeng, 38, is already an executive director of GCL-Poly Energy Holdings, which owns 62% of GCL New Energy Holdings. His father, who has a fortune worth $2.3 billion on today’s Forbes Real-Time Billionaires List, owns about 32% of GCL-Poly.
The younger Zhu, a graduate of George Brown College of Toronto, is currently chairman of GCL New Energy Holdings.
China is the world’s top clean energy investor, according to the World Economic Forum.
It’s also home to the world’s second-biggest group of billionaires after the United States.
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