Bohai Trust
Bohai Trust | |||||
Formerly called | Hebei International Trust Investment | ||||
Subsidiary | |||||
Industry | Financial services | ||||
Founded | December 1983 | ||||
Headquarters | Shijiazhuang, Hebei, China | ||||
Area served | mainland China | ||||
Services |
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Revenue | CN¥ 1.070 billion (2015) | ||||
CN¥ 679 million (2015) | |||||
Profit | CN¥ 549 million (2015) | ||||
AUM | CN¥216.173 billion (2015) | ||||
Total assets | CN¥ 4.848 billion (2015) | ||||
Total equity | CN¥ 4.234 billion (2015) | ||||
Owner |
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Parent | HNA Group | ||||
Website | bohaitrust.com | ||||
Footnotes / references source[1] |
Bohai International Trust | |||||||
Simplified Chinese | 渤海国际信托 | ||||||
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Bohai Trust | |||||||
Simplified Chinese | 渤海信托 | ||||||
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Bohai International Trust Co., Ltd. (BITC) known as just Bohai Trust, is a Chinese investment management company based in Shijiazhuang, Hebei Province. The company has licensed to create trust (as private equity fund). The company is a subsidiary of HNA Group for 51.23% shares (via HNA Capital),[2] plus additional 22.10% shares via China Xinhua Airlines,[2] a subsidiary (83.39%) of Hainan Airlines. Hainan Airlines, a listed company, is partially owned by HNA Group. The remain 26.67% shares of the trust company were owned by another subsidiary of HNA Group (Chinese: 海南海航实业控股; literally: "Hainan HNA Industrial Holding"),[2] which the group owned 72.98% stake of that subsidiary directly and indirectly (via Chinese: 海航实业集团; literally: "HNA Industrial Group").
History
The predecessor of the trust company was founded in December 1983 as Hebei International Trust Investment Corporation (Chinese: 河北省国际信托投资公司).[3] In 2004 the company was re-registered as Hebei International Trust & Investment Co., Ltd. (Chinese: 河北省国际信托投资有限责任公司), which Hebei Provincial State-owned Assets Supervision and Administration Commission was the largest shareholder for 95.24% stake.[4] In 2006 it was acquired by HNA Group from Hebei Provincial People's Government;[3] the share capital of the company had increased to CN¥2 billion in 2010[5] and to CN¥3.6 billion in 2016.[2] The company also changed from "company limited by quote/stake" to "company limited by shares" (analog to public limited company) in 2015.[3]
In 2012 China Xinhua Airlines also acquired the minority stake (795.65 million shares) from HNA Hospitality Group, Tangla Hotel Beijing, Haikou Meilan International Airport Co., Ltd. and 2 sister companies,[6] for a total price of CN¥2.761 billion (CN¥3.47 per share).[7] China Xinhua Airlines did not subscribed the 2016 capital increase of the trust company,[8] making the shares were diluted to 22.10%.[2]
References
- ↑ "2015 Annual Report" (PDF) (in Chinese). Bohai International Trust. 17 April 2016. Retrieved 14 February 2017.
- 1 2 3 4 5 "关于渤海国际信托股份有限公司变更注册资本、变更股权及调整股权结构的批复" (in Chinese). CBRC (Hebei Bureau). 14 October 2016. Retrieved 12 February 2017.
- 1 2 3 "Enterprise introduction" (in Chinese). Bohai International Trust. Retrieved 12 February 2017.
- ↑ "关于河北省国际信托投资公司重新登记有关事项的批复" (in Chinese). China Banking Regulatory Commission (CBRC). 15 January 2004. Retrieved 12 February 2017.
- ↑ "关于渤海国际信托有限公司增加注册资本等事项的批复" (in Chinese). CBRC. 27 December 2010. Retrieved 12 February 2017.
- ↑ "渤海信托股权变更事宜的批复" (in Chinese). CBRC. 14 October 2014. Retrieved 12 February 2017.
- ↑ "关联交易公告三" (PDF). Hainan Airlines (in Chinese). Shanghai Stock Exchange. 13 December 2012. Retrieved 12 February 2017.
- ↑ "关于放弃渤海信托优先增资权的公告" (PDF). Hainan Airlines (in Chinese). Shanghai Stock Exchange. 10 January 2014. Retrieved 12 February 2017.
External links
- Official website (in Chinese)