Puhua Investment

Puhua Investment Co., Ltd. is a Chinese company based in Tai'an, Shandong Province. As at 31 December 2015, state-owned enterprise Potevio owned 39.04% stake as the largest shareholder.[2]

Not to be confused with the bidder of China Guangfa Bank, Yangpu Puhua Investment Development.
Puhua Investment
TypeJoint venture
IndustryHolding company
Founded2002
Headquarters
Tai'an
,
China
Area served
Mainland China
RevenueCN¥0 (2014)
(CN¥192 million) (2014)
CN¥67 million (2014)
Total assetsCN¥3.762 billion (2014)
Total equityCN¥598 million (2014)
Owner
Potevio(39.04%)
Taishan Huacheng Tech.(38.16%)
Weifang Keyu Tech.(22.80%)
Websitepuhua.cc
Footnotes / references
source[1]
Puhua Investment Co., Ltd.
Simplified Chinese普华投资有限公司
Traditional Chinese普華投資有限公司

History

Puhua Investment was founded in 2002 as Tai'an Taishan Investment Holding (Chinese: 泰安泰山投资控股).[nb 1][nb 2] In 2004 the company was the joint-largest shareholder of the Pacific Securities for 22.56%.[3] In June 2006 it was renamed into Puhua Investment.[3]

Shareholders

As at 31 December 2015, Puhua Investment was majority owned by Potevio (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.[4]

In mid-2015, 20% stake of the company was sold from Taian Fund Investment & Guaranty (Chinese: 泰安市基金投资担保经营) a subsidiary of Taian Taishan Investment,[1] to another existing shareholder (Chinese: 泰安市泰山华城科技开发; lit. 'Taishan Huacheng Technology'),[nb 1] making the shareholder owned 38.16% as the second largest.[2] The price was not disclosed, but the base price in the invitation to bid was CN¥140.14 million.[1]

Taishan Huacheng Technology was 99.67% owned by another company (Chinese: 捷信泰贸易(北京); lit. 'Jiexintai Trading (Beijing)'),[nb 1] but the stake in Taishan Huacheng Technology also pledged to China Fortune International Trust since May 2015.[2] China Fortune Investment Trust had also set up a private equity fund (a trust) to receive the collateral, and the money raised (CN¥1.371 billion) would lend back to Jiexintai.[5]

The third shareholder (Chinese: 潍坊科虞科技; lit. 'Weifang Keyu Technology')[nb 1] was based in Weifang.

Equity investments

Puhua Investment owned 10.00% stake of the Pacific Securities from 2007[3] to mid-2011. Puhua Investment disinvested the Pacific Securities to 9.57% in 2011,[6] 8.34% in 2012,[7] 3.18% in 2013.[8] 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.[7]

Puhua Investment also owned 5.30% stake of Taian Bank as the 9th largest shareholder (as at 31 December 2015).[9]

Puhua Investment was the 4th largest shareholder of New Times Securities for 8.5646% shares.[10]

Footnotes
  1. No official English name was known, English translation was for indication only.
  2. Not to be confused with Taian Taishan Investment (Chinese: 泰安市泰山投资; lit. 'Taian City Taishan Investment')

References
  1. 普华投资有限公司20%国有股权 (in Chinese). Shandong Property Rights Exchange Center. 2015. Archived from the original on 9 October 2015. Retrieved 10 February 2017.
  2. National Credit Information Publicity System (in Chinese)
  3. "A 股股票上市公告书" (PDF). The Pacific Securities (in Chinese). Shanghai Stock Exchange. 27 December 2007. Retrieved 9 February 2017.
  4. "2015 Annual Report". Potevio (in Chinese). Shanghai Clearing House. 29 April 2016. Retrieved 10 February 2017.
  5. 华鑫信托·鑫保47号集合资金信托计划 (in Chinese). China Fortune Investment Trust. 2016. Retrieved 10 February 2017.
  6. "2011 Annual Report" (PDF). The Pacific Securities (in Chinese). Shanghai Stock Exchange. 27 April 2012. Retrieved 10 February 2017.
  7. "2012 Annual Report" (PDF). The Pacific Securities (in Chinese). Shanghai Stock Exchange. 25 April 2013. Retrieved 10 February 2017.
  8. "2013 Annual Report" (PDF). The Pacific Securities (in Chinese). Shanghai Stock Exchange. 29 April 2014. Retrieved 10 February 2017.
  9. "2015 Annual Report" (PDF) (in Chinese). Taian Bank. 29 April 2016. Retrieved 10 February 2017.
  10. "2015 Annual Report" (PDF) (in Chinese). New Times Securities. 25 April 2016. Retrieved 10 February 2017.
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