Yu Yong
Yu Yong (; born 1961) is a Chinese businessman. He is the founder and head of the ''Cathay Fortune Corp.'', also known as ''Hongshang Industrial Holdings Group'' which is an investor in the mining company China Molybdenum. Cathay Fortune's operations are based out of Shanghai. As of March 2024, ''Forbes'' estimated his net worth at US$10.0 billion.In 2012, Cathay made a AUS$830 hostile bid to takeover the Australia-based ''Discovery Metals''. The bid was made with loans from the China-Africa Development Fund. Cathay walked away from the deal, due to concerns about the Boseto copper project in Botswana.
In addition to his extensive interests in the mining industry, Yu has also been involved in other business ventures and investment undertakings. He is a major shareholder in Contemporary Amperex Technology (CATL), a Chinese battery maker that went public in 2018. Prior to its initial public offering (IPO) in 2018, Yu acquired a 1.69% stake in Contemporary Amperex Technology via a pre-IPO sale. His holding company Cathay Fortune is also the largest shareholder at 40% of China Express Airlines.
Beyond his forays in the industrial manufacturing and mining industries, Yu has also ventured into real estate development, and is a major investor in the Shanghai real estate market. His holding company, Cathay Fortune, is also involved in the financial services sector and has investments in several Chinese banks and financial institutions.
Despite his entrepreneurial and investment success, Yu has faced some controversies in his business dealings. His hostile bid for the Australian mining company, Discovery Metals, was met with resistance from the Australian government and shareholders. Additionally, his involvement in the Boseto copper project in Botswana was criticized for its potential negative impact on the local environment and communities. Provided by Wikipedia
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14by Çiner, Attila, Yildirim, Cengiz, Sarikaya, M. Akif, Seong, Yeong Bae, Yong Yu, ByungGet access
Published in Antarctic Science (2019)
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15by Jennifer E. Balmer, Hayley Hung, Yong Yu, Robert J. Letcher, Derek C.G. MuirGet access
Published in Emerging Contaminants (2019)
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19by Dianyi Li, Zheng Wang, Yong Yu, Huirong Li, Wei Luo, Bo Chen, Guoqing Niu, Haitao DingGet access
Published in Marine Drugs (2023)
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20by Yue, Ma, Nengfei, Wang, Shuang, Wang, Wenbing, Han, Jie, Liu, Yong, Yu, Li, Guo, Guanpin, YangGet access
Published 2019
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