From revolutionary hero to riches ...
Print Edition
A FORMER role model of the “cultural revolution” (1966-1976) who shot to fame in the 1970s for submitting an almost blank exam paper is poised to enjoy the fruits of the market economy as his company lists on the stock market.
Zhang Tiesheng’s stake in Liaoning Wellhope Agri-Tech Joint Stock will be worth more than 189 million yuan (US$30 million) after it lists on the Shanghai exchange, according to company filings.
Zhang handed in his incomplete test paper to a university admissions committee in 1973, saying he was too busy working the land to devote time to academic learning.
He wrote a note to graders, which said he had “no respect for the bookworms who for many years have been taking it easy and have done nothing useful.”
An “educated youth” sent to work on a rural commune in the northeast province of Liaoning during the period, he said his abilities should be judged on his contributions to the country.
Zhang, who is in his early 60s, later co-founded Wellhope, an agricultural feed company, and holds a 6.8 percent stake.
His identity and role in the company were noted by the Beijing Morning Post, which headlined: “Blank examination paper hero Zhang Tiesheng worth nearly 200 million because of share listing.”
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