CITIC Guoan Group explained

CITIC Guoan Group
Logo Alt:CITIC Group logo
Type:Private
Industry:Conglomerate
Founder:CITIC Group
Former Name:CITIC Guoan Corporation
Hq Location:Chaoyang District
Hq Location City:Beijing
Hq Location Country:China
Area Served:Mainland China
Revenue Year:2015
Income Year:2015
Net Income Year:2015
Assets Year:2015
Equity Year:2015
Footnotes:in a consolidated basis; equity and profit excluded minority interests; in Chinese Accounting Standards

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] CITIC Guoan Group is the largest shareholder of CITIC Guoan Information Industry, CITIC Guoan Wine and Global Tech Holdings.

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 (total assets to 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]

Notes and References

  1. Web site: 2015年年度报告. 2015 Annual Report. 29 April 2016. 12 November 2016. CITIC Guoan Group. Shanghai Clearing House. Chinese.
  2. Web site: 2013 Annual Report. 30 April 2014. 19 November 2016. CITIC Guoan Group. Shanghai Clearing House. Chinese.
  3. Web site: 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. 6 August 2014. 19 November 2016. CITIC Guoan Information Industry. Shenzhen Stock Exchange. Chinese. https://web.archive.org/web/20161119182334/http://disclosure.szse.cn/finalpage/2014-08-06/1200101553.PDF. 19 November 2016. dead.
  4. Web site: 北京国安俱乐部简介 . Brief summary of Beijing Guoan F.C.. sports.sohu.com . 2011-04-09 . 2015-02-17.
  5. Web site: 全国市场主体信用信息公示系统(北京). 12 November 2016. 北京市工商行政管理局 (Beijing Administration for Industry and Commerce). Chinese.
  6. Web site: 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). 3 February 2016. 19 November 2016. Global Tech Holdings. https://web.archive.org/web/20161119120330/http://www.iglobaltech.com/html/pdf/e160203%20Circular.pdf. 19 November 2016. dead.
  7. Web site: 2015 Annual Report. 23 September 2016. 11 November 2016. Bank of Shanghai. Chinese.
  8. News: Bolivia seals $1.4 billion lithium deals with Russia's Rosatom, China's Guoan . 1 July 2023 . www.msn.com . Reuters . 30 June 2023.

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