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China Aerospace International Holdings

China Aerospace International Holdings
CASIL
Formerly called
Conic Investment Co., Ltd.
public
Traded as 00031
Industry
  • conglomerate
  • electronic
  • real estate development
Founded
  • 25 July 1975; 42 years ago (1975-07-25) (as Conic Investment)
  • 1993 (as CASIL)
Headquarters Hung Hom, Kowloon, Hong Kong
Key people
Gong Bo (non-executive chairman)
Li Hongjun (president & director)
Jin Xuesheng (vice-president & director)
Revenue IncreaseHK$03.088 billion (2016)
Profit Decrease HK$00796 million (2016)
Total assets Increase HK$12.785 billion (2016)
Total equity Increase HK$06.190 billion (2016)
Parent China Aerospace Science and Technology Corporation
Website casil-group.com
Footnotes / references
in consolidated financial statement
China Aerospace International Holdings Limited
Simplified Chinese 中国航天国际控股有限公司
Traditional Chinese 中國航天國際控股有限公司
China Aerospace
Simplified Chinese 航天控股
Traditional Chinese 航天控股

China Aerospace International Holdings Limited (CASIL) is a Hong Kong incorporated company. It is a subsidiary of China Aerospace Science and Technology Corporation and a listed company in the . It is a red chip company, but not part of the "red chip index" of the stock exchange.

The predecessor of the company, Conic Investment Co., Ltd. (Chinese: 康力投資有限公司), was incorporated on 25 July 1975. It became a listed company on 25 August 1981. In order to cover a heavy net loss, Alex Au, the majority shareholder of Conic Investment at that time, invited Chinese state-owned enterprise (SOE) China Resources to subscribe a capital increase of the company, via a subsidiary Sin King Enterprises Company Limited (Chinese: 新瓊企業有限公司). China Resources and Bank of China Group (at that time as unincorporated group of companies) became the controlling shareholder in 1984 for 35% shares via Sin King.

In 1993 it was acquired by fellow SOE China Aerospace Science and Technology Corporation (CASC) as a backdoor listing, renaming to China Aerospace International Holdings Limited (Chinese: 航天科技國際集團有限公司). The English name of the company was remained unchanged since 1993, but the Chinese name had changed to the current one in 2008.

The company was headed by Lt. Col. Liu Chaoying (刘超英) in the late 1990s, the daughter of Liu Huaqing (刘华清).

In 2000, publicly criticized four (former) directors of CASIL for not disclosing related-parties deals of CASIL and CASC properly, as well as disclosing the deals with XCOM Multimedia Communications, a company that owned a stake in CASIL's joint venture CXSAT. XCOM Multimedia Communications and CXSAT were makers of digital satellite receiver decoder.


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