AS Shenzhen Mason Technologies Co. went public Friday morning on Shenzhen Stock Exchange, its third-biggest shareholder, Li Chi, became the youngest of Shenzhen’s mega-rich, with assets of 131 million yuan (US$20.6 million), the Southern Metropolis Daily reported.

Mason is one of China’s leading manufacturers of parts for high-end LED light sources. The company issued 22 million shares to raise funds for its new technology research center and LED projects.

Mason’s stock price opened at 17.2 yuan per share at 9 a.m. Friday and closed at 16.42 yuan. Since Li holds 8 million shares, or 12.12 percent of the company’s total shares, Li’s assets are worth more than 131 million yuan.

Born in October 1985, Li is the daughter of Mason CEO Li Zhijiang and his wife, Luo Xiaoyan. The family environment destined Li to be different from self-made, rich young adults. Her parents are the two biggest shareholders of the company and together, the three hold 58.06 percent of the company’s total shares.

The daughter’s giant wealth remains paper value, as she promised in Mason’s prospectus that her shares cannot be sold or entrusted to others for three years.

Li occupies no specific position in Mason at present. Before her parents’ company went public, Li resigned from her job with Chinalion Securities in Shenzhen.(Zhao Jie)