|Tianjin Marine Shipping|
|Literal meaning||Tianjin Tianhai Investment [&] Development Co., Ltd. by Shares|
|Chinese short name|
|Literal meaning||Tianhai Investment|
|Historical Chinese name|
in consolidated financial statement
Tianjin Tianhai Investment Co., Ltd. is a Chinese holding company which was specialize in marine transportation services. However, in recent year it was most known as the investment vehicle of HNA Group to acquire American company Ingram Micro.The shares of Tianhai Investment, A share and B share (Chinese stock terminology) were both listed in the Shanghai Stock Exchange.
HNA Group Co., Ltd., is a Chinese conglomerate headquartered in Haikou, Hainan, China. Founded in 2000, it is involved in numerous industries including aviation, real estate, financial services, tourism, logistics, and more. It is a part owner of Grand China Air, and owns 25% of Hilton Worldwide. In July 2017, HNA Group ranked No. 170 in 2017 Fortune Global 500 list with a revenue of $53.335 billion. It is one of the most active investment companies in the world, acquiring numerous assets under its name.
Ingram Micro is an American distributor of information technology products. The company ranked 64th in the 2016 Fortune 500.
The Shanghai Stock Exchange (SSE) is a stock exchange that is based in the city of Shanghai, China. It is one of the two stock exchanges operating independently in the People's Republic of China, the other being the Shenzhen Stock Exchange. Shanghai Stock Exchange is the world's 4th largest stock market by market capitalization at US$5.5 trillion as of April 2018. Unlike the Hong Kong Stock Exchange, the Shanghai Stock Exchange is still not entirely open to foreign investors and often manipulated by the decisions of the central government. This is due to tight capital account controls exercised by the Chinese mainland authorities.
The company was fined by China Securities Regulatory Commission in 2003 for delay to publish 2002 Annual Report.
The China Securities Regulatory Commission (CSRC) is an institution of the State Council of the People's Republic of China (PRC), with ministry-level rank. It is the main regulator of the securities industry in China.
In 2015 Tianjin Marine Shipping was renamed to Tianhai Investment.
In 2016, Tianhai Investment acquired Ingram Micro in a leveraged buyout, which the company borrowed a huge sum from the Agricultural Bank of China.
A leveraged buyout (LBO) is a financial transaction in which a company is purchased with a combination of equity and debt, such that the company's cash flow is the collateral used to secure and repay the borrowed money. The use of debt, which normally has a lower cost of capital than equity, serves to reduce the overall cost of financing the acquisition. The cost of debt is lower inter alia because interest payments often reduce corporate income tax liability, whereas dividend payments normally do not. This reduced cost of financing allows greater gains to accrue to the equity, and, as a result, the debt serves as a lever to increase the returns to the equity.
Agricultural Bank of China (ABC), also known as AgBank, is one of the "Big Four" banks in the People's Republic of China. It was founded in 1951, and has its headquarters in Dongcheng District, Beijing. It has branches throughout mainland China, Hong Kong, London, Tokyo, New York, Frankfurt, Sydney, Seoul, and Singapore.
In November 2017, as part of a planned reverse IPO, the listed company was proposed to rename to HNA Technology, namesake of its largest shareholder HNA Technology Group.
The Pacific Securities Co., Ltd. is a Chinese investment bank and brokerage firm. The company is listed on the Shanghai Stock Exchange.
The Port of Tianjin is divided into nine areas: the three core areas of Beijiang, Nanjiang, and Dongjiang around the Xingang fairway; the Haihe area along the river; the Beitang port area around the Beitangkou estuary; the Dagukou port area in the estuary of the Haihe River; and three areas under construction.
Le.com, known legally as Leshi Internet Information and Technology Corp., Beijing, is a Chinese technology company, and one of the largest online video companies in China. It is headquartered in Chaoyang District, Beijing.
Greenland Holdings Corp., Ltd. known as Greenland Group is a Chinese publicly traded real estate developer. Founded as a state-owned enterprise, As of 31 December 2016, the top 10 shareholders of the listed company owned a combined 88% shares, which some state-owned enterprise invested in Greenland via private equity funds.
Oceanwide Holdings Co., Ltd. is a Chinese publicly traded conglomerate. It was a subsidiary of Tohigh Holding, via intermediate holding companies Oceanwide Group and China Oceanwide Holdings Group.
Rongyu Group Co., Ltd. is a Chinese listed company based in Jilin City, Jilin Province. as at 8 November 2016, the company was a constituent of SZSE 1000 Index but not in SZSE Component Index, making the company was ranked between the 501st to 1,000th by free float adjusted market capitalization.
China Orient Asset Management Co., Ltd. is a Chinese state-owned enterprise. The company is an asset management company and a merchant bank originated as a bad bank for the Bank of China. The bank received shares from debt-to-equity swap of non-performing loans.
Tianjin Pipe (Group) Corporation Limited known as Tianjin Pipe or its aberration TPCO, is the largest stemless steel pipe maker of China as well as one of the largest in the world.
TEDA Investment Holding Co., Ltd. known as TEDA Holding is a Chinese state-owned enterprise based in Tianjin. The company was supervised by the State-owned Assets Supervision and Administration Commission (SASAC) of Tianjin Government.
Leshi Zhixin Electronic Technology (Tianjin) Co., Ltd. is a Chinese television manufacturer which was a subsidiary of Le.com. On 13 January 2017 it was announced that Sunac China would bought part of the stake, as well as subscription of new shares. Other new investors of the company were Huaxia Life Insurance (1.1310%) and a private equity fund LeRan Investment.
China Minsheng Trust Co., Ltd. is a Chinese trust and investment management company. The company formerly known as China Tourism International Trust Investment Co., Ltd. founded in 1994.
China Oceanwide Holdings Group Co., Ltd. known also as China Oceanwide is a Chinese privately owned investment company. It is the parent company of publicly traded company Oceanwide Holdings as well as the largest shareholder of another public company Minsheng Holding.
Baotou Tomorrow Technology Co., Ltd. known also as Tomorrow Technology or BTTT is a Chinese listed company based in Baotou, Inner Mongolia. Tomorrow Technology is an associate company of Tomorrow Holding, a company related to Xiao Jianhua.
Sinobioway Group Co., Ltd. was one of the university-owned enterprises of Peking University. The company currently majority (60%) owned by a Peking University professor and other employee of Peking University. The pinyin of the Chinese short name was Wèimíng Jítuán, literally Anonymous Group. However, Sinobioway was not related to other Weiming Group, such as Weiming (Fujian) Investment Group.
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. The company is a subsidiary of HNA Group for 51.23% shares, plus additional 22.10% shares via China Xinhua Airlines, 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, which the group owned 72.98% stake of that subsidiary directly and indirectly.
Hainan HNA Infrastructure Investment Group Co., Ltd. formerly Hainan Island Construction Co., Ltd. is a Chinese listed company based in Haikou. in mid-2016 the company acquired HNA Infrastructure Group in a reverse IPO from intermediate parent company HNA Infrastructure Holding Group, which HNA Infrastructure Group is the parent company of HNA Real Estate and HNA Airport Group ; HNA Airport Group is the largest shareholder of Haikou Meilan International Airport, which in turn the largest shareholder of Hong Kong listed company HNA Infrastructure. In December 2016 a proposed capital increase of the HK-listed company was announced. HNA Infrastructure Investment Group would purchase a minority share directly. Haikou Meilan International Airport was the second-largest shareholder of Hainan Airlines; Hainan Airlines, however, also owned a minority stake in Haikou Meilan International Airport.
Li Yonghong is a Chinese businessman. He was known for his short lived ownership on Milan, as well as his stock market transactions in the mainland China.
Guohua Life Insurance Co., Ltd. is a Chinese life insurance company headquartered in Shanghai. Since 2016, the company was a subsidiary (51%) of Biocause Pharmaceutical, after the acquisition of the shares was approved by the China Insurance Regulatory Commission in the same year. The deal was announced in 2015.
State Power Investment Corporation Limited is one of the five major electricity generation company of the Mainland China. It was the successor of China Power Investment Corporation after it was merged with the State Nuclear Power Technology Corporation (SNPTC) in 2015.
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