Puhua Investment

Last updated
Puhua Investment
joint venture
IndustryHolding company
Founded2002
Headquarters
Tai'an
,
China
Area served
mainland China
Revenue CN¥0 (2014)
(CN¥192 million) (2014)
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]

Contents

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 did not appear 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 six 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')

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References

  1. 1 2 3 "Archived copy" 普华投资有限公司20%国有股权 (in Chinese). Shandong Property Rights Exchange Center. 2015. Archived from the original on 9 October 2015. Retrieved 10 February 2017.CS1 maint: archived copy as title (link)
  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.
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