Puhua Investment Explained

Puhua Investment
Type:	Joint venture
Industry:	Holding company
Founded:	2002
Hq Location City:	Tai'an
Hq Location Country:	China
Area Served:	Mainland China
Revenue Year:	2014
Income Year:	2014
Net Income Year:	2014
Assets Year:	2014
Equity Year:	2014
Website:	puhua.cc
Footnotes:	source

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.^[1]

History

Puhua Investment was founded in 2002 as Tai'an Taishan Investment Holding .^[2] In 2004 the company was the joint-largest shareholder of the Pacific Securities for 22.56%. In June 2006 it was renamed into Puhua Investment.

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.^[3]

In mid-2015, 20% stake of the company was sold from Taian Fund Investment & Guaranty a subsidiary of Taian Taishan Investment,^[4] to another existing shareholder, making the shareholder owned 38.16% as the second largest.^[1] The price was not disclosed, but the base price in the invitation to bid was .^[4]

Taishan Huacheng Technology was 99.67% owned by another company, but the stake in Taishan Huacheng Technology also pledged to China Fortune International Trust since May 2015.^[1] China Fortune Investment Trust had also set up a private equity fund (a trust) to receive the collateral, and the money raised would lend back to Jiexintai.^[5]

The third shareholder ^[6] was based in Weifang.

Equity investments

Puhua Investment owned 10.00% stake of the Pacific Securities from 2007^[7] to mid-2011. Puhua Investment disinvested the Pacific Securities to 9.57% in 2011,^[8] 8.34% in 2012,^[9] 3.18% in 2013.^[10] 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.^[9]

Puhua Investment also owned 5.30% stake of Taian Bank as the 9th largest shareholder (as at 31 December 2015).^[11]

Puhua Investment was the 4th largest shareholder of New Times Securities for 8.5646% shares.^[12]

Notes and References

1. http://www.gsxt.gov.cn/index.html National Credit Information Publicity System
2. Not to be confused with Taian Taishan Investment
3. Web site: 2015 Annual Report. 29 April 2016. 10 February 2017. Potevio. Shanghai Clearing House. Chinese.
4. Web site: http://www.sdcqjy.com/column.action?column_id=18&item_id=5540. zh:普华投资有限公司20%国有股权. 2015. 10 February 2017. Shandong Property Rights Exchange Center. Chinese. https://web.archive.org/web/20151009144000/http://www.sdcqjy.com/column.action?column_id=18&item_id=5540. 9 October 2015. dead.
5. Web site: http://www.cfitc.com/webfront/fileDownLoad.do?fileId=10231. zh:华鑫信托·鑫保47号集合资金信托计划. 2016. 10 February 2017. China Fortune Investment Trust. Chinese.
6. No official English name was known, English translation was for indication only.
7. Web site: A 股股票上市公告书. 27 December 2007. 9 February 2017. The Pacific Securities. Shanghai Stock Exchange. Chinese.
8. Web site: 2011 Annual Report. 27 April 2012. 10 February 2017. The Pacific Securities. Shanghai Stock Exchange. Chinese.
9. Web site: 2012 Annual Report. 25 April 2013. 10 February 2017. The Pacific Securities. Shanghai Stock Exchange. Chinese.
10. Web site: 2013 Annual Report. 29 April 2014. 10 February 2017. The Pacific Securities. Shanghai Stock Exchange. Chinese.
11. Web site: 2015 Annual Report. 29 April 2016. 10 February 2017. Taian Bank. Chinese.
12. Web site: 2015 Annual Report. 25 April 2016. 10 February 2017. New Times Securities. Chinese.