China Oceanwide Holdings Limited
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Formerly called
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| Public | |
| Traded as | : 000046 |
| Industry | Conglomerate |
| Founded |
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| Founder | Shenzhen Nanyou Holdings |
| Headquarters | Beijing, China |
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Area served
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Key people
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Chairman Lu Zhiqiang |
| Products | Real estate |
| Services |
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| Revenue |
 CN¥12.671 billion (2015) |
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CN¥3.168 billion (2015) |
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| Profit |
CN¥2.020 billion (2015) |
| Total assets |
CN¥118.356 billion (2015) |
| Total equity |
CN¥10.288 billion (2015) |
| Owner | Lu Zhiqiang (69.01%) |
| Parent |
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| Subsidiaries |
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| Website | fhkg.com |
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Footnotes / references in a consolidated basis |
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| Oceanwide Holdings | |||||||
| Simplified Chinese | 泛海控股 | ||||||
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| Oceanwide Real Estate | |||||||
| Simplified Chinese | 泛海建设 | ||||||
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| Transcriptions | |
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| Transcriptions | |
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Oceanwide Holdings Co., Ltd. is a Chinese publicly traded conglomerate. It was a subsidiary of Tohigh Holding, via intermediate holding companies Oceanwide Group and China Oceanwide Holdings Group.
Oceanwide Holdings is a constituent of Shenzhen Stock Exchange blue-chip index: SZSE 100 Index.
The company was also included in CSI 300 Index from June 2015 to November 2016. However, the company was often remove and re-enter the index due to low trading volume. The company was also in the "reserve list", a list of candidates for the CSI 100 Index in 2008.
The company was included in the and . Its Hong Kong based subsidiary China Oceanwide Holdings was also on the list until March 2017.
The predecessor of the publicly traded company (Chinese: 深圳南油物业发展; literally: "Shenzhen Nanyou Property Development"), was incorporated on 9 May 1989 by Shenzhen Nanyou Holdings. It became a publicly traded company on 3 May 1994.
In 1998, Oceanwide Group acquired the controlling interests in the public company, making the company a SPV for backdoor listing their assets. The company became Guangcai Construction Group (Chinese: 光彩建设集团) until 2005. On 10 December 2005 the public company was renamed into Oceanwide Construction Group (Chinese: 泛海建设集团). (The English name was later renamed into Oceanwide Real Estate Group)
As at 31 December 2005, Oceanwide Group via three subsidiaries, owned 48.17% shares of Oceanwide Construction Group. It was increased to 70.42% in 2006 and 80.36% in 2008, due to acquiring assets from the parent company in all-share deal. It was diluted to 76.429% in December 2011. In October 2011, the company finally relocated its registered address from Shenzhen to Beijing.
In 2013, the Beijing-based public company started its diversification, which saw the company entered into the United States and Indonesia, as well as entered the financial services industry. It acquired the controlling stake of financial service companies Minsheng Securities in 2014, China Minsheng Trust in 2016, as well as 71.36% shares of Hong Kong based public companies Hutchison Harbour Ring in 2014 (was renamed into China Oceanwide Holdings Limited, : 00715) and Quam Financial Service Group (: 00952) in 2017. However, the acquisition of CASH Financial Services Group (: 00510), via Oceanwide Holdings International Finance, was failed in 2015. Oceanwide Real Estate Group was also renamed to Oceanwide Holdings, as well as setting up a Hong Kong based company China Oceanwide Group Limited (Chinese: 中泛集團) for foreign acquisition.
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