Zhou Qunfei, chairperson of Lens Technology, has ousted1 Chan Laiwa, chairwoman of Hong Kong Fu Wah International Group, as the wealthiest woman in China.
The recently-listed Lens Technology saw its shares surge by the daily trading limit to nearly 71 yuan, about 11 US dollars per share on Monday.
This surge boosted the value of Zhou's stake in the company to over 42 billion yuan, about 6.7 billion USD.
Lens Technology debuted2 on the Growth Enterprise Market board in Shenzhen on March 18th, with an offer price of nearly 23 yuan per share.
The company makes glass covers for various consumer electronic products such as smartphones, computers and cameras.
Its combined sales to Apple Inc and Samsung Electronics Co made up more than 70 percent of the company's sales revenue between 2012 and 2014.
It is also a glass provider for Apple's newly launched Apple Watch earlier this month.