China Energine International (Holdings) Limited, or China Energine, is a
Hong Kong
Hong Kong ( (US) or (UK); , ), officially the Hong Kong Special Administrative Region of the People's Republic of China ( abbr. Hong Kong SAR or HKSAR), is a city and special administrative region of China on the eastern Pearl River Delt ...
-based and
Cayman Islands
The Cayman Islands () is a self-governing British Overseas Territory—the largest by population in the western Caribbean Sea. The territory comprises the three islands of Grand Cayman, Cayman Brac and Little Cayman, which are located to the ...
-incorporated holding company. The controlling shareholder was Chinese state-owned mega-conglomerate
China Aerospace Science and Technology Corporation
The China Aerospace Science and Technology Corporation, or CASC, is the main contractor for the Chinese space program. It is state-owned and has subsidiaries which design, develop and manufacture a range of spacecraft, launch vehicles, strategic ...
(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
Red chip stocks () are the stocks of mainland China companies incorporated outside mainland China and listed in Hong Kong. It refers to businesses based in mainland China and with (majority) shares controlled either directly or indirectly by a ...
companies.
China Energine became a listed company on 11 August 1997.
[ On 30 June 2016, it had a market capitalization of ]HK$
The Hong Kong dollar (, sign: HK$; code: HKD) is the official currency of the Hong Kong Special Administrative Region. It is subdivided into 100 cents or 1000 mils. The Hong Kong Monetary Authority is the monetary authority of Hong Kong and ...
2.752 billion
Billion is a word for a large number, and it has two distinct definitions:
*1,000,000,000, i.e. one thousand million, or (ten to the ninth power), as defined on the short scale. This is its only current meaning in English.
* 1,000,000,000,000, i.e ...
.[
China Energine engages in wind power and telecommunication equipment manufacturing business.
]
History
CASIL Telecommunications Holdings Limited (, "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
The China Aerospace Science and Technology Corporation, or CASC, is the main contractor for the Chinese space program. It is state-owned and has subsidiaries which design, develop and manufacture a range of spacecraft, launch vehicles, strategic ...
(CASC). , CASC, via China Academy of Launch Vehicle Technology
The China Academy of Launch Vehicle Technology (CALT) is a major state-owned civilian and military space launch vehicle manufacturer in China and one of the major launch service providers in the world. CALT is a subsidiary of the larger China Ae ...
and its BVI subsidiary, "Astrotech Group Limited", owned 73.10% shares of the listed company. 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" ().
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.
Name
The English name, Energine, was a phase that combined energy and engine; the Chinese name (), combined the Chinese character for 10,000
10,000 (ten thousand) is the natural number following 9,999 and preceding 10,001.
Name
Many languages have a specific word for this number: in Ancient Greek it is (the etymological root of the word myriad in English), in Aramaic , in Hebrew ...
() and nergysource ().
The slogan of the company was "from engine to new energy".
Shareholders
, China Energine major shareholder was Astrotech Group Limited for 60.64%, which was a subsidiary of China Academy of Launch Vehicle Technology
The China Academy of Launch Vehicle Technology (CALT) is a major state-owned civilian and military space launch vehicle manufacturer in China and one of the major launch service providers in the world. CALT is a subsidiary of the larger China Ae ...
, in turn a wholly owned subsidiary of China Aerospace Science and Technology Corporation
The China Aerospace Science and Technology Corporation, or CASC, is the main contractor for the Chinese space program. It is state-owned and has subsidiaries which design, develop and manufacture a range of spacecraft, launch vehicles, strategic ...
, in turn a wholly owned subsidiary of the . As the company was incorporated outside mainland China but controlled by the Chinese Government, the company is a red chip
Red chip stocks () are the stocks of mainland China companies incorporated outside mainland China and listed in Hong Kong. It refers to businesses based in mainland China and with (majority) shares controlled either directly or indirectly by a ...
company.[
]
See also
* APT Satellite Holdings
APT Satellite Holdings Limited is a Bermuda-incorporated holding company. Its Hong Kong-incorporated subsidiary APT Satellite Co., Ltd. is the operator of the Apstar satellite constellation. APT Satellite Holdings and APT Satellite are headquarte ...
, sister company in Hong Kong
* China Aerospace International Holdings
China Aerospace International Holdings Limited (abb. CASIL) is a Hong Kong incorporated holding company. The company itself is a subsidiary of China Aerospace Science and Technology Corporation and a listed company on the Stock Exchange of Hong ...
, sister company in Hong Kong
References
External links
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Holding companies of Hong Kong
Engineering companies of China
Companies listed on the Hong Kong Stock Exchange
Government-owned companies of China
Offshore companies of the Cayman Islands
Chinese brands