BackgroundChu Lam Yiu was 27 when she founded her flavorings and fragrance business. Since renamed Huabao International Holdings, the company makes tobacco flavorings for China's top cigarette makers. It also produces fragrances and food flavorings for use in detergents, beverages, dairy products and cosmetics. In 2006, Ms Chu took her company public through a reverse takeover -- a financial transaction that avoids the conventional procedures of filing prospectuses and undertaking Initial Public Offerings (IPO)..
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Brief Introduction
Chu Lam Yiu is chairperson of Huabao International, which makes tobacco flavorings for China's top cigarette makers, fragrances for detergents and cosmetics and flavorings for beverages and dairy products. Chu's company went public through a reverse takeover, whereby she sold a chunk of her shares in 2008 and again in October 2009, but still owns 51% of the original shareholding. Chu also holds leadership positions in several local industry groups.
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