Puhua Investment

Puhua Investment
joint venture
Industry Holding company
Founded 2002
Headquarters Tai'an, China
Area served
 mainland China
Revenue CN¥0 (2014)
(CN¥192 million) (2014)
Profit CN¥67 million (2014)
Total assets CN¥3.762 billion (2014)
Total equity CN¥598 million (2014)
Owner
Potevio(39.04%)
Taishan Huacheng Tech.(38.16%)
Weifang Keyu Tech.(22.80%)
Website puhua.cc
Footnotes / references
source[1]
Puhua Investment Co., Ltd.
Simplified Chinese 普华投资有限公司
Traditional Chinese 普華投資有限公司

Puhua Investment Co., Ltd. is a Chinese company based in Tai'an, Shandong Province. As at 31 December 2015, state-owned enterprise Potevio owned 39.04% stake as the largest shareholder.[2]

History

Puhua Investment was founded in 2002 as Tai'an Taishan Investment Holding (Chinese: 泰安泰山投资控股).[nb 1][nb 2] In 2004 the company was the joint-largest shareholder of the Pacific Securities for 22.56%.[3] In June 2006 it was renamed into Puhua Investment.[3]

Shareholders

As at 31 December 2015, Puhua Investment was majority owned by Potevio (39.04%) and two other companies for 38.16% stake and 22.80% stake respectively. However, Puhua Investment was not appeared in the annual report of Potevio as long-term equity investment, while financial assets available for sale was a lump sum figure.[4]

In mid-2015, 20% stake of the company was sold from Taian Fund Investment & Guaranty (Chinese: 泰安市基金投资担保经营) a subsidiary of Taian Taishan Investment,[1] to another existing shareholder (Chinese: 泰安市泰山华城科技开发; literally: "Taishan Huacheng Technology"),[nb 1] making the shareholder owned 38.16% as the second largest.[2] The price was not disclosed, but the base price in the invitation to bid was CN¥140.14 million.[1]

Taishan Huacheng Technology was 99.67% owned by another company (Chinese: 捷信泰贸易(北京); literally: "Jiexintai Trading (Beijing)"),[nb 1] but the stake in Taishan Huacheng Technology also pledged to China Fortune International Trust since May 2015.[2] China Fortune Investment Trust had also set up a private equity fund (a trust) to receive the collateral, and the money raised (CN¥1.371 billion) would lend back to Jiexintai.[5]

The third shareholder (Chinese: 潍坊科虞科技; literally: "Weifang Keyu Technology")[nb 1] was based in Weifang.

Equity investments

Puhua Investment owned 10.00% stake of the Pacific Securities from 2007[3] to mid-2011. Puhua Investment disinvested the Pacific Securities to 9.57% in 2011,[6] 8.34% in 2012,[7] 3.18% in 2013.[8] Since 2014 Puhua Investment was out of 10 top shareholders of the Pacific Securities (below the 10th for 1.95%); It was ranked as the second largest shareholder in 2012, behind a consortium of 6 companies for 25.38% shares.[7]

Puhua Investment also owned 5.30% stake of Taian Bank as the 9th largest shareholder (as at 31 December 2015).[9]

Puhua Investment was the 4th largest shareholder of New Times Securities for 8.5646% shares.[10]

Footnotes

  1. 1 2 3 4 No official English name was known, English translation was for indication only.
  2. ↑ Not to be confused with Taian Taishan Investment (Chinese: 泰安市泰山投资; literally: "Taian City Taishan Investment")

References

  1. 1 2 3 "普华投资有限公司20%国有股权" (in Chinese). Shandong Property Rights Exchange Center. 2015. Retrieved 10 February 2017.
  2. 1 2 3 National Credit Information Publicity System (in Chinese)
  3. 1 2 3 "A 股股票上市公告书" (PDF). The Pacific Securities (in Chinese). Shanghai Stock Exchange. 27 December 2007. Retrieved 9 February 2017.
  4. ↑ "2015 Annual Report". Potevio (in Chinese). Shanghai Clearing House. 29 April 2016. Retrieved 10 February 2017.
  5. ↑ "华鑫信托·鑫保47号集合资金信托计划" (in Chinese). China Fortune Investment Trust. 2016. Retrieved 10 February 2017.
  6. ↑ "2011 Annual Report" (PDF). The Pacific Securities (in Chinese). Shanghai Stock Exchange. 27 April 2012. Retrieved 10 February 2017.
  7. 1 2 "2012 Annual Report" (PDF). The Pacific Securities (in Chinese). Shanghai Stock Exchange. 25 April 2013. Retrieved 10 February 2017.
  8. ↑ "2013 Annual Report" (PDF). The Pacific Securities (in Chinese). Shanghai Stock Exchange. 29 April 2014. Retrieved 10 February 2017.
  9. ↑ "2015 Annual Report" (PDF) (in Chinese). Taian Bank. 29 April 2016. Retrieved 10 February 2017.
  10. ↑ "2015 Annual Report" (PDF) (in Chinese). New Times Securities. 25 April 2016. Retrieved 10 February 2017.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.