Wang Kunxiao, president of Yantai Jereh Oilfield Services Group (Jereh), has become a new billionaire as shares of the Chinese oil and gas service provider he co-founded with fellow billionaire Sun Weijie surged more than 60% this year amid an shale gas equipment boom in China.
FORBES: New Chinese Billionaire Emerges As Oil Services Company Yantai Jereh Soars