The Pacific Securities Co., Ltd. is a Chinese investment bank and brokerage firm. The company is listed on the
Shanghai Stock Exchange.
As on 28 November 2016, The Pacific Securities is a constituent of
CSI 300 Index
The CSI 300 () is a capitalization-weighted stock market index designed to replicate the performance of the top 300 stocks traded on the Shanghai Stock Exchange and the Shenzhen Stock Exchange. It has two sub-indexes: the CSI 100 Index and the CS ...
(and mid-cap sub-index CSI 200 Index) and
SSE 180 Index.
The company controls a SPAC listed on NASDAQ. The company also owns 39% stake in
Lao-China Securities, a company based in
Vientiane
Vientiane ( , ; lo, ວຽງຈັນ, ''Viangchan'', ) is the capital and largest city of Laos. Vientiane is divided administratively into 9 cities with a total area of only approx. 3,920 square kilometres and is located on the banks of ...
, capital and largest city of Laos.
[
]
History
The Pacific Securities was founded in 2004 and received the clients of bankrupted Yunnan Securities. In April 2007 it was converted to company limited by shares, with a nominal value of each.
It was reported that Xiao Jianhua
Xiao Jianhua (, born 13 January 1972) is a Chinese-Canadian businessman and billionaire known for managing assets for descendants of prominent Chinese leaders. He was reported to have been abducted from Hong Kong to Mainland China in 2017. His ...
was behind the operation on listing the company to Shanghai Stock Exchange in 2007. Irregularity was founded after, by-then vice-governor of China Development Bank, Wang Yi () was arrested. Wang was the vice-chairman of China Securities Regulatory Commission (CSRC) until 1999.
In December 2007, the largest shareholder of the Pacific Securities was the consortium of Beijing Ximeng Real Estate (13.34%), Beijing Huaxin Liuhe Investment (13.20%), China Foreign Economy and Trade Trust (FOTIC, 10.00%), UOB Mainland Investment[ (6.67%), Yunnan State-Owned Assets Management][ (3.33%) and CMST Development (, 3.33%).]Unida
Unida () is an American stoner rock band, originally formed in 1998 by John Garcia of Kyuss and Slo Burn.
History
Formation, Dozer split, and ''Coping with the Urban Coyote'' (1998–1999)
Following the dissolution of Kyuss in 1995, for ...
(former code ), a company delisted in 2007.[ Other major shareholders were Puhua Investment (10.00%),][No official English name was known, English translation was for indication only.] Taishan Xiangsheng[ (10.00%), "China Energy Development Electricity (Group)"][ (6.67%) and "Heilongjiang Century Huarong Investment Management"][ (5.77%)][ Those shareholders owned 82.31% shares, with 36 months restriction to sell.][
5 out of 6 companies renewed the ]shareholders' agreement
A shareholders' agreement (sometimes referred to in the U.S. as a stockholders' agreement) (SHA) is an agreement amongst the shareholders or members of a company. In practical effect, it is analogous to a partnership agreement. It can be said th ...
in March 2010 (FOTIC withdrew), as well as "Yunnan State-Owned Assets Management" transferred part of its stake to another Yunnan Government-owned company: Yunnan Industrial Investment Group ().[ However, the consortium sold most of their shares since 2011 (decreased to 32.68% in December 2011,][ 25.38% in December 2012][)
The shareholders' agreement was expired again in March 2013, which only Huaxin Liuhe increased its shares (from 10.83% to 10.89%),][ as well as Yunnan Industrial Investment Group retained its 3.19% shares;][ Beijing Ximeng Real Estate, UOB Mainland Investment and CMST Development sold their 7.62%,][ 2.31%][ and 1.42%][ shares to 3.79%,][ 0.31% and unknown level respectively. It was reported that Pacific Securities was ranked the least among the listed "securities firms" of China, in term of revenue of the first half of 2013.
In 2012 the Pacific Securities founded a joint venture in Laos.
In April 2014 the company recapitalized for ( each) by a non-public offering.][ Each old share also received 0.5 new share in December that year (by converting the ]share premium
Capital surplus, also called share premium, is an account which may appear on a corporation's balance sheet, as a component of shareholders' equity, which represents the amount the corporation raises on the issue of shares in excess of their par v ...
into share capital), making the share capital had increase from 1,653,644,684 to 3,530,467,026.[
]
Shareholders
As at 31 December 2015, the only shareholder with more than 5% shares was Beijing Huaxin Liuhe Investment for 12.75% (450,248,500). Despite 225 million of them were restricted to sell (until 21 April 2019), more than half of its shares (251,020,000) were pledged (),[
]
Financial data
*Note, share capital and number of shares had changed in 2007, 2012 and 2014
Footnotes
References
External links
*
{{Investment banks
Companies based in Kunming
Companies listed on the Shanghai Stock Exchange
Investment banks in China
Financial services companies of China
Former government-owned companies of China
Civilian-run enterprises of China