<p style="text-align:start;" size="0" _root="undefined" __ownerid="undefined" __hash="undefined" __altered="false"><span style="color:#000000">Shares in Chervon Holdings rose by more than a fifth from the listing price of HK$43.60 to HK$52.50 at 10:00 a.m local time in Hong Kong. Chairman Pan Longquan, age 58, holds 479 million shares, worth HK$25.1 billion, or $3.2 billion.</span></p>
