CITIC Guoan Group

CITIC Guoan Group Co., Ltd. is a Chinese company. The company itself was founded by CITIC Group (who currently owns a 20.95% stake).[1]: 124  CITIC Guoan Group is the largest shareholder of CITIC Guoan Information Industry, CITIC Guoan Wine and Global Tech Holdings.

CITIC Guoan Group
FormerlyCITIC Guoan Corporation
TypePrivate
IndustryConglomerate
Founded
  • 1987 (as Guoan Hotel)
  • 1989 (incorporated)
  • 2011 (as limited company)
FounderCITIC Group
HeadquartersChaoyang District,
Beijing
,
China
Area served
Mainland China
RevenueIncrease CN¥93.527 billion (2015)
Increase CN¥907 million (2015)
Increase CN¥556 million (2015)
Total assetsIncrease CN¥157.980 billion (2015)
Total equityIncrease CN¥14.565 billion (2015)
Owner
  • CITIC Group (20.95%)
  • Heilongjiang Dingshang (19.76%)
  • Beijing Heshengyuan (17.79%)
  • Gonghe Holdings (15.81%)
  • Ruiyu (Shanghai) Equity Fund (15.81%)
  • Tianjin Wanshun Properties (9.88%)
Subsidiaries
  • CITIC Guoan (100%)
  • – CITIC Guoan I.T. (36.44%)
  • CITIC Guoan Wine (43.89%)
  • Guoan (HK) Holdings (100%)
  • – Global Tech Holdings (53.218%)
Footnotes / references
in a consolidated basis; equity and profit excluded minority interests; in Chinese Accounting Standards[1]
CITIC Guoan Group Co., Ltd.
Simplified Chinese中信国安集团有限公司
Traditional Chinese中信國安集團有限公司

Moreover, Guoan is the second largest shareholder of Baiyin Nonferrous.

Shareholders

CITIC Guoan Group was a wholly owned subsidiary of CITIC Group until 2014. The company had a net assets to total assets ratio of 0.00125 (around 1:799) in a consolidated financial statements as at 31 December 2013 (CN¥94 billion total assets to CN¥119 million equity).[2]

In 2014, the company recapitalized, which several private capitals subscribed the increase.[3] After the recapitalization, the stake of CITIC Guoan Group became one of the few assets of CITIC Group that was not injected to its listed subsidiary CITIC Limited. CITIC Group also disinvested CITIC Limited in 2015.

Subsidiaries

CITIC Guoan Group was the co-founder of Beijing Guoan F.C.[4] However, the stake was now owned by CITIC Limited.[5]

In December 2015, CITIC Guoan Group (via Road Shine Developments and Guoan (HK) Holdings) bought a major stake of Global Tech Holdings for HK$0.11615 per shares.[6]

Equity investments

As at 31 December 2015, CITIC Guoan Group via CITIC Guoan Co., Ltd. owned 2.00% stake in Bank of Shanghai.[7]

Lithium

In June 2023, Bolivia signed an agreement with Citic Guoan Group to develop its lithium reserves, which are the largest in the world. Citic Guoan will invest $857 million and may also construct battery plants and an electric vehicle assembly plant.[8]

References
  1. "2015年年度报告" [2015 Annual Report]. CITIC Guoan Group (in Chinese). Shanghai Clearing House. 29 April 2016. Retrieved 12 November 2016.
  2. "2013 Annual Report". CITIC Guoan Group (in Chinese). Shanghai Clearing House. 30 April 2014. Retrieved 19 November 2016.
  3. "信国安信息产业股份有限公司控股股东之母公司权益变动提示性公告" (PDF). CITIC Guoan Information Industry (in Chinese). Shenzhen Stock Exchange. 6 August 2014. Archived from the original (PDF) on 19 November 2016. Retrieved 19 November 2016.
  4. "北京国安俱乐部简介" [Brief summary of Beijing Guoan F.C.]. sports.sohu.com. 2011-04-09. Retrieved 2015-02-17.
  5. "全国市场主体信用信息公示系统(北京)" (in Chinese). 北京市工商行政管理局 (Beijing Administration for Industry and Commerce). Retrieved 12 November 2016.
  6. "COMPOSITE OFFER AND RESPONSE DOCUMENT RELATING TO THE UNCONDITIONAL MANDATORY CASH OFFER BY ALTUS INVESTMENTS LIMITED AND YICKO SECURITIES LIMITED FOR AND ON BEHALF OF ROAD SHINE DEVELOPMENTS LIMITED TO ACQUIRE ALL OF THE ISSUED SHARES OF GLOBAL TECH (HOLDINGS) LIMITED (OTHER THAN THOSE ALREADY OWNED BY THE OFFEROR AND PARTIES ACTING IN CONCERT WITH IT)" (PDF). Global Tech Holdings. 3 February 2016. Archived from the original (PDF) on 19 November 2016. Retrieved 19 November 2016.
  7. "2015 Annual Report" (PDF) (in Chinese). Bank of Shanghai. 23 September 2016. Retrieved 11 November 2016.
  8. "Bolivia seals $1.4 billion lithium deals with Russia's Rosatom, China's Guoan". www.msn.com. Reuters. 30 June 2023. Retrieved 1 July 2023.
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