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Puhua Investment

Puhua Investment
joint venture
Industry Holding company
Founded 2002
Headquarters Tai'an, China
Area served
mainland China
Revenue CN¥0 (2014)
(CN¥192 million) (2014)
Profit CN¥67 million (2014)
Total assets CN¥3.762 billion (2014)
Total equity CN¥598 million (2014)
Owner
Potevio (39.04%)
Taishan Huacheng Tech. (38.16%)
Weifang Keyu Tech. (22.80%)
Website puhua.cc
Footnotes / references
source
Puhua Investment Co., Ltd.
Simplified Chinese 普华投资有限公司
Traditional Chinese 普華投資有限公司

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.

Puhua Investment was founded in 2002 as Tai'an Taishan Investment Holding (Chinese: 泰安泰山投资控股). 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.

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 was not appeared in the annual report of Potevio as long-term equity investment, while financial assets available for sale was a lump sum figure.

In mid-2015, 20% stake of the company was sold from Taian Fund Investment & Guaranty (Chinese: 泰安市基金投资担保经营) a subsidiary of Taian Taishan Investment, to another existing shareholder (Chinese: 泰安市泰山华城科技开发; literally: "Taishan Huacheng Technology"), making the shareholder owned 38.16% as the second largest. The price was not disclosed, but the base price in the invitation to bid was CN¥140.14 million.

Taishan Huacheng Technology was 99.67% owned by another company (Chinese: 捷信泰贸易(北京); literally: "Jiexintai Trading (Beijing)"), but the stake in Taishan Huacheng Technology also pledged to China Fortune International Trust since May 2015. China Fortune Investment Trust had also set up a private equity fund (a trust) to receive the collateral, and the money raised (CN¥1.371 billion) would lend back to Jiexintai.

The third shareholder (Chinese: 潍坊科虞科技; literally: "Weifang Keyu Technology") was based in Weifang.


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