Native name | 中國航天萬源 | ||||||||||
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Formerly | CASIL Telecommunications Holdings Limited | ||||||||||
Type | Public | ||||||||||
SEHK: 1185 | |||||||||||
Industry | Energy | ||||||||||
Headquarters | Hong Kong | ||||||||||
Products | Wind power plant | ||||||||||
Services | Electricity supply | ||||||||||
Owner |
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Parent |
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Subsidiaries |
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Chinese name | |||||||||||
Traditional Chinese | 中國航天萬源國際(集團)有限公司 | ||||||||||
Simplified Chinese | 中国航天万源国际(集团)有限公司 | ||||||||||
Literal meaning | China Aerospace Ten Thousand Source International (Group) Co., Ltd. | ||||||||||
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China Energine | |||||||||||
Traditional Chinese | 中國航天萬源 | ||||||||||
Simplified Chinese | 中国航天万源 | ||||||||||
Literal meaning | China Aerospace Ten Thousand Source | ||||||||||
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Second alternative Chinese name | |||||||||||
Traditional Chinese | 萬源國際 | ||||||||||
Simplified Chinese | 万源国际 | ||||||||||
Literal meaning | Ten Thousand Source International | ||||||||||
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CASIL Telecommunications Holdings Limited | |||||||||||
Traditional Chinese | 航天科技通訊有限公司 | ||||||||||
Simplified Chinese | 航天科技通讯有限公司 | ||||||||||
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Website | energine |
China Energine International (Holdings) Limited,or China Energine,is a Hong Kong-based and Cayman Islands-incorporated holding company. The controlling shareholder was Chinese state-owned mega-conglomerate China Aerospace Science and Technology Corporation (CASC). The company was formerly known as CASIL Telecommunications Holdings Limited;CASIL was an acronym of China Aerospace International Holdings Limited,a listed subsidiary of CASC.
Both China Energine and CASIL were red chip companies. [1] China Energine became a listed company on 11 August 1997. [1] On 30 June 2016,it had a market capitalization of HK$2.752 billion. [1]
China Energine engages in wind power and telecommunication equipment manufacturing business. [2]
CASIL Telecommunications Holdings Limited (Chinese :航天科技通訊有限公司,"CASIL Telecom" or "Castel" in short) was spin-off from China Aerospace International Holdings Limited (CASIL) in 1997. CASIL was a subsidiary of China Aerospace Science and Technology Corporation (CASC). As of 31 December 2007 [update] ,CASC,via China Academy of Launch Vehicle Technology and its BVI subsidiary,"Astrotech Group Limited",owned 73.10% shares of the listed company. [3] In 2008,the wind power business was injected to the listed company,as well as renaming the company to China Energine International (Holdings) Limited. The brand Castel was retained by the Hong Kong-incorporated subsidiary "China Aerospace Telecommunications Limited" (Chinese :中國航天科技通信有限公司).
The company had caused a controversy by not removing Au-yeung Keung as the company secretary (a position in a listed company that was regulated) in 2016,despite his accountancy registration has been suspended for three years in 2016. [4]
The English name,Energine,was a phase that combined energy and engine;the Chinese name (Chinese :萬源),combined the Chinese character for 10,000 (Chinese :萬) and [energy] source (Chinese :源).
The slogan of the company was "from engine to new energy". [5]
As of 31 December 2016 [update] ,China Energine major shareholder was Astrotech Group Limited for 60.64%,which was a subsidiary of China Academy of Launch Vehicle Technology,in turn a wholly owned subsidiary of China Aerospace Science and Technology Corporation,in turn a wholly owned subsidiary of the State-owned Assets Supervision and Administration Commission of the State Council. As the company was incorporated outside mainland China but controlled by the Chinese Government,the company is a red chip company. [1]
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