Puhua Investment Co., Ltd. is a Chinese company based in

Tai'an Tai'an () is a prefecture-level city in Western Shandong Province of the People's Republic of China. Centered on Mount Tai, the city borders the provincial capital of Jinan to the north, Zibo to the east, Linyi to the southeast, Liaocheng to ...

, Shandong Province. As at 31 December 2015,

state-owned enterprise A state-owned enterprise (SOE) is a Government, government entity which is established or nationalised by the ''national government'' or ''provincial government'' by an executive order or an act of legislation in order to earn Profit (econom ...

Potevio Potevio Group Corporation is a Chinese telecommunications hardware manufacturing company. It was one of the 102 state-owned enterprises that is supervised by the State-owned Assets Supervision and Administration Commission of the State Council. Po ...

owned 39.04% stake as the largest shareholder.National Credit Information Publicity System
(in Chinese)

History

Puhua Investment was founded in 2002 as Tai'an Taishan Investment Holding ().Not to be confused with Taian Taishan Investment () In 2004 the company was the joint-largest shareholder of the

Pacific Securities 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 (and mid-cap sub-index CSI ...

for 22.56%. In June 2006 it was renamed into Puhua Investment.

Shareholders

As at 31 December 2015, Puhua Investment was majority owned by

(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. In mid-2015, 20% stake of the company was sold from Taian Fund Investment & Guaranty () a subsidiary of Taian Taishan Investment, to another existing shareholder (), making the shareholder owned 38.16% as the second largest. The price was not disclosed, but the base price in the invitation to bid was . Taishan Huacheng Technology was 99.67% owned by another company (), but the stake in Taishan Huacheng Technology also pledged to

China Fortune International Trust China Fortune International Trust Co., Ltd. known as China Fortune Trust is a Chinese investment management company which license to create private equity fund (as trust). The company is a wholly owned subsidiary of state-owned China Huadian Cor ...

since May 2015. China Fortune Investment Trust had also set up a private equity fund (a trust) to receive the collateral, and the money raised () would lend back to Jiexintai. The third shareholder ()No official English name was known, English translation was for indication only. was based in

Weifang Weifang () is a prefecture-level city in central Shandong province, People's Republic of China. The city borders Dongying to the northwest, Zibo to the west, Linyi to the southwest, Rizhao to the south, Qingdao to the east, and looks out to the L ...

Equity investments

Puhua Investment owned 10.00% stake of the

from 2007 to mid-2011. Puhua Investment disinvested the Pacific Securities to 9.57% in 2011, 8.34% in 2012, 3.18% in 2013. 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. Puhua Investment also owned 5.30% stake of Taian Bank as the 9th largest shareholder (as at 31 December 2015). Puhua Investment was the 4th largest shareholder of New Times Securities for 8.5646% shares.

Footnotes

References

External links

* {{authority control Government-owned companies of China Privately held companies of China Companies based in Tai'an Chinese companies established in 2002 Holding companies of China