Xu Shihui
Born
許世輝

1958 (age 65–66)[1]
NationalityChinese
Occupation(s)Chairman, Dali Foods Group
SpouseChen Liling
ChildrenXu Yangyang

Xu Shihui (Chinese: 許世輝; Pe̍h-ōe-jī: Khó͘ Sè-hui; born 1958) is a Chinese businessman, politician and a representative of the Fujian region at the 12th National People's Congress.

He is the founder and chairman of Dali Foods Group, a food and drink company. As of November 2023, he and his family was worth $7.9 billion.[2]

Biography

Xu Shihui was born in Hui'an, Fujian province. His father was a laborer.

He got a job at Dali, cookie business in Quanzhou, when it was a collective and amassed shares by proving that he was a leader.[3] This business would later become Fujian Dali Foods Group. He serves as group's chairman since 1992.[4]

He has served as a deputy to the National People's Congress since 2008. In 2013, he served as a deputy to the National People's Congress.[5]

In 2015, Dali Foods Group was listed on Hong Kong Stock Exchange.[6]

In 2016, he was ranked 20th in Forbes's China Rich List with a fortune of $6.3 billion.[7][8] In 2019, he and his family had a fortune of $9.3 billion.[9] In 2020, Forbes estimated his net worth at US$8.8 billion.[1]

In July 2023, he announced the plan to delist the company from the Hong Kong Stock Exchange.[10][11] In August, his plan was approved by shareholders. The deal was valued at $6.6 billion. He paid a premium of 38% on closing price.[12]

Personal life

He lives in Quanzhou, China.[1] He is married to Chen Liling and has a daughter with her, Xu Yangyang, who is Dali's vice president.[13]

References

  1. ^ a b c "Xu Shihui". Forbes. Archived from the original on 14 November 2020. Retrieved 14 December 2020.
  2. ^ WANG", "JANE HO"," YUE. "China's 100 Richest 2023". Forbes. Archived from the original on 2022-04-09. Retrieved 2024-01-30.((cite web)): CS1 maint: multiple names: authors list (link)
  3. ^ Flannery, Russell. "From Cookies To A Snack Empire: Dali Foods' Chairman Xu Shihui Is Worth $6.3 Billion". Forbes. Archived from the original on 2021-12-26. Retrieved 2024-01-30.
  4. ^ "Xu Shihui Chairman/CEO/Founder, Dali Foods Group Co Ltd". Bloomberg. Archived from the original on 6 March 2016. Retrieved 3 March 2016.
  5. ^ "Representative Information".
  6. ^ "Dali Foods Listing Mints Fujian Family As One Of China's Richest With $7.5 B Fortune". forbes.com. Archived from the original on 28 August 2016. Retrieved 9 September 2016.
  7. ^ Flannery, Russell. "2016 Forbes China Rich List (Full List)". Forbes. Archived from the original on 2023-05-29. Retrieved 2024-01-30.
  8. ^ Staff, The (2016-10-30). "Number of Chinese Billionaires up Nearly 20% in 2016". Branding in Asia. Archived from the original on 2024-01-30. Retrieved 2024-01-30.
  9. ^ "These are the 21 richest billionaires in China". Business Insider. Archived from the original on 2024-01-30. Retrieved 2024-01-30.
  10. ^ Harvey, Simon (2023-07-04). "Dali Foods Group founder and chairman tables takeover bid". Just Food. Archived from the original on 2024-01-30. Retrieved 2024-01-30.
  11. ^ "Chinese Cookie Tycoon Gains $1.2 Billion in Taking Firm Private". Bloomberg.com. 2023-07-03. Archived from the original on 2023-07-04. Retrieved 2024-01-30.
  12. ^ Wang, Yue. "Chinese Snack-And-Beverage Giant Dali Foods To Delist From Hong Kong After Prolonged Share Price Slump". Forbes. Archived from the original on 2024-01-30. Retrieved 2024-01-30.
  13. ^ "Xu Shihui". Forbes. Archived from the original on 2024-01-30. Retrieved 2024-01-30.
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