Bohai Trust Explained

Bohai International Trust
Trade Name:Bohai Trust
Type:Subsidiary
Industry:Financial services
Former Name:Hebei International Trust Investment
Hq Location City:Shijiazhuang, Hebei
Hq Location Country:China
Area Served:mainland China
Revenue Year:2015
Income Year:2015
Net Income Year:2015
Aum: (2015)
Assets Year:2015
Equity Year:2015
Parent:HNA Group
Website:bohaitrust.com
Footnotes:source[1]

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), plus additional 22.10% shares via China Xinhua Airlines, 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, which the group owned 72.98% stake of that subsidiary directly and indirectly (via).

History

The predecessor of the trust company was founded in December 1983 as Hebei International Trust Investment Corporation .[2] In 2004 the company was re-registered as Hebei International Trust & Investment Co., Ltd., which Hebei Provincial State-owned Assets Supervision and Administration Commission was the largest shareholder for 95.24% stake.[3] In 2006 it was acquired by HNA Group from ;[2] the share capital of the company had increased to in 2010[4] and to in 2016.[5] The company also changed from "company limited by quote/stake" to "company limited by shares" (analog to public limited company) in 2015.[2]

In 2012 China Xinhua Airlines also acquired the minority stake (795.65 million shares) from HNA Hospitality Group,, Haikou Meilan International Airport Co., Ltd. and 2 sister companies,[6] for a total price of (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%.[5]

In November 2017, Bohai Trust was sued for failing to pay the collective funds trust plan for the Bohai Trust Ningbo Weitong Investment Project, which was originally scheduled to expire on July 27, 2017.[9]

Notes and References

  1. Web site: 2015 Annual Report. 17 April 2016. 14 February 2017. Bohai International Trust. Chinese.
  2. Web site: Enterprise introduction. 12 February 2017. Bohai International Trust. Chinese.
  3. Web site: http://www.cbrc.gov.cn/govView_101772357DC1494FABB86934FA8B005B.html. zh:关于河北省国际信托投资公司重新登记有关事项的批复. 15 January 2004. 12 February 2017. China Banking Regulatory Commission (CBRC). Chinese. https://web.archive.org/web/20170213164136/http://www.cbrc.gov.cn/govView_101772357DC1494FABB86934FA8B005B.html. 13 February 2017. dead.
  4. Web site: http://www.cbrc.gov.cn/govView_1C2E3AF90BC8411496EBD71999D93C88.html. zh:关于渤海国际信托有限公司增加注册资本等事项的批复. 27 December 2010. 12 February 2017. CBRC. Chinese. https://web.archive.org/web/20170213164038/http://www.cbrc.gov.cn/govView_1C2E3AF90BC8411496EBD71999D93C88.html. 13 February 2017. dead.
  5. Web site: http://www.cbrc.gov.cn/chinese/home/docView/87462E87389748D996AAF98644D11912.html. zh: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. 14 October 2016. 12 February 2017. CBRC (Hebei Bureau). Chinese. https://web.archive.org/web/20170213164232/http://www.cbrc.gov.cn/chinese/home/docView/87462E87389748D996AAF98644D11912.html. 13 February 2017. dead.
  6. Web site: http://www.cbrc.gov.cn/govView_5AD51C0DB7C346F68F8C55AB01C79824.html. zh:渤海信托股权变更事宜的批复. 14 October 2014. 12 February 2017. CBRC. Chinese. https://web.archive.org/web/20170213164324/http://www.cbrc.gov.cn/govView_5AD51C0DB7C346F68F8C55AB01C79824.html. 13 February 2017. dead.
  7. Web site: http://static.sse.com.cn/disclosure/listedinfo/announcement/c/2012-12-13/600221_20121213_4.pdf. zh:关联交易公告三. 13 December 2012. 12 February 2017. Hainan Airlines. Shanghai Stock Exchange. Chinese.
  8. Web site: http://static.sse.com.cn/disclosure/listedinfo/announcement/c/2014-01-10/600221_20140111_2.pdf. zh:关于放弃渤海信托优先增资权的公告. 10 January 2014. 12 February 2017. Hainan Airlines. Shanghai Stock Exchange. Chinese.
  9. Web site: 内容正在升级改造，请稍后再试！-新闻频道-和讯网 . 2022-08-08 . trust.hexun.com.

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