Bohai Trust

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Bohai International Trust
Bohai Trust
FormerlyHebei International Trust Investment
TypeSubsidiary
IndustryFinancial services
FoundedDecember 1983 (1983-12)
Headquarters
Shijiazhuang, Hebei
,
China
Area served
mainland China
Services
  • investment management
  • trust
RevenueDecrease CN¥001.070 billion (2015)
Decrease CN¥000679 million (2015)
Decrease CN¥000549 million (2015)
AUMSteady CN¥216.173 billion (2015)
Total assetsIncrease CN¥004.848 billion (2015)
Total equityIncrease CN¥004.234 billion (2015)
Owner
HNA Group(77.90%)
Xinhua Airlines(22.10%)
ParentHNA Group
Websitebohaitrust.com
Footnotes / references
source[1]
Bohai International Trust
Simplified Chinese渤海国际信托
Bohai Trust
Simplified Chinese渤海信托

Bohai International Trust Co., Ltd. (BITC) known as just Bohai Trust, is a Chinese investment management company based in Shijiazhuang, Hebei Province. The company has licensed to create trust (as private equity fund). The company is a subsidiary of HNA Group for 51.23% shares (via HNA Capital),[2] plus additional 22.10% shares via China Xinhua Airlines,[2] a subsidiary (83.39%) of Hainan Airlines. Hainan Airlines, a listed company, is partially owned by HNA Group. The remain 26.67% shares of the trust company were owned by another subsidiary of HNA Group (Chinese: 海南海航实业控股; lit. 'Hainan HNA Industrial Holding'),[2] which the group owned 72.98% stake of that subsidiary directly and indirectly (via Chinese: 海航实业集团; lit. 'HNA Industrial Group').

History[]

The predecessor of the trust company was founded in December 1983 as Hebei International Trust Investment Corporation (Chinese: 河北省国际信托投资公司).[3] In 2004 the company was re-registered as Hebei International Trust & Investment Co., Ltd. (Chinese: 河北省国际信托投资有限责任公司), which Hebei Provincial State-owned Assets Supervision and Administration Commission was the largest shareholder for 95.24% stake.[4] In 2006 it was acquired by HNA Group from  [zh];[3] the share capital of the company had increased to CN¥2 billion in 2010[5] and to CN¥3.6 billion in 2016.[2] The company also changed from "company limited by quote/stake" to "company limited by shares" (analog to public limited company) in 2015.[3]

In 2012 China Xinhua Airlines also acquired the minority stake (795.65 million shares) from HNA Hospitality Group,  [zh], Haikou Meilan International Airport Co., Ltd. and 2 sister companies,[6] for a total price of CN¥2.761 billion (CN¥3.47 per share).[7] China Xinhua Airlines did not subscribed the 2016 capital increase of the trust company,[8] making the shares were diluted to 22.10%.[2]

References[]

  1. ^ "2015 Annual Report" (PDF) (in Chinese). Bohai International Trust. 17 April 2016. Retrieved 14 February 2017.
  2. ^ a b c d e "Archived copy" 关于渤海国际信托股份有限公司变更注册资本、变更股权及调整股权结构的批复 (in Chinese). CBRC (Hebei Bureau). 14 October 2016. Archived from the original on 13 February 2017. Retrieved 12 February 2017.CS1 maint: archived copy as title (link)
  3. ^ a b c "Enterprise introduction" (in Chinese). Bohai International Trust. Retrieved 12 February 2017.
  4. ^ "Archived copy" 关于河北省国际信托投资公司重新登记有关事项的批复 (in Chinese). China Banking Regulatory Commission (CBRC). 15 January 2004. Archived from the original on 13 February 2017. Retrieved 12 February 2017.CS1 maint: archived copy as title (link)
  5. ^ "Archived copy" 关于渤海国际信托有限公司增加注册资本等事项的批复 (in Chinese). CBRC. 27 December 2010. Archived from the original on 13 February 2017. Retrieved 12 February 2017.CS1 maint: archived copy as title (link)
  6. ^ "Archived copy" 渤海信托股权变更事宜的批复 (in Chinese). CBRC. 14 October 2014. Archived from the original on 13 February 2017. Retrieved 12 February 2017.CS1 maint: archived copy as title (link)
  7. ^ 关联交易公告三 (PDF). Hainan Airlines (in Chinese). Shanghai Stock Exchange. 13 December 2012. Retrieved 12 February 2017.
  8. ^ 关于放弃渤海信托优先增资权的公告 (PDF). Hainan Airlines (in Chinese). Shanghai Stock Exchange. 10 January 2014. Retrieved 12 February 2017.

External links[]

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