CHINA’S “godfather of baijiu” launched Hong Kong’s largest initial public offering of the year today, with the holding company for four of his liquor brands raising around HK$4.5 billion (RM2.55 billion) despite a rocky start to trading.
Wu Xiangdong, founder and chairman of ZJLD Group, earned the godfather moniker after establishing an empire of 12 companies specialising in the fiery tipple.