Bohai Trust

Bohai International Trust Co., Ltd. (BITC) known as just Bohai Trust, is a Chinese investment management company based in Shijiazhuang, Hebei Province. The company has licensed to create trust (as private equity fund). The company is a subsidiary of HNA Group for 51.23% shares (via HNA Capital),[2] plus additional 22.10% shares via China Xinhua Airlines,[2] a subsidiary (83.39%) of Hainan Airlines. Hainan Airlines, a listed company, is partially owned by HNA Group. The remain 26.67% shares of the trust company were owned by another subsidiary of HNA Group (Chinese: 海南海航实业控股; lit. 'Hainan HNA Industrial Holding'),[2] which the group owned 72.98% stake of that subsidiary directly and indirectly (via Chinese: 海航实业集团; lit. 'HNA Industrial Group').

Bohai International Trust
Bohai Trust
FormerlyHebei International Trust Investment
TypeSubsidiary
IndustryFinancial services
FoundedDecember 1983 (1983-12)
Headquarters
Shijiazhuang, Hebei
,
China
Area served
mainland China
Services
  • investment management
  • trust
Revenue CN¥001.070 billion (2015)
CN¥000679 million (2015)
CN¥000549 million (2015)
AUM CN¥216.173 billion (2015)
Total assets CN¥004.848 billion (2015)
Total equity CN¥004.234 billion (2015)
Owner
HNA Group(77.90%)
Xinhua Airlines(22.10%)
ParentHNA Group
Websitebohaitrust.com
Footnotes / references
source[1]
Bohai International Trust
Simplified Chinese渤海国际信托
Bohai Trust
Simplified Chinese渤海信托

History

The predecessor of the trust company was founded in December 1983 as Hebei International Trust Investment Corporation (Chinese: 河北省国际信托投资公司).[3] In 2004 the company was re-registered as Hebei International Trust & Investment Co., Ltd. (Chinese: 河北省国际信托投资有限责任公司), which Hebei Provincial State-owned Assets Supervision and Administration Commission was the largest shareholder for 95.24% stake.[4] In 2006 it was acquired by HNA Group from Hebei Provincial People's Government;[3] the share capital of the company had increased to CN¥2 billion in 2010[5] and to CN¥3.6 billion in 2016.[2] The company also changed from "company limited by quote/stake" to "company limited by shares" (analog to public limited company) in 2015.[3]

In 2012 China Xinhua Airlines also acquired the minority stake (795.65 million shares) from HNA Hospitality Group, Tangla Hotel Beijing, Haikou Meilan International Airport Co., Ltd. and 2 sister companies,[6] for a total price of CN¥2.761 billion (CN¥3.47 per share).[7] China Xinhua Airlines did not subscribed the 2016 capital increase of the trust company,[8] making the shares were diluted to 22.10%.[2]

References
  1. "2015 Annual Report" (PDF) (in Chinese). Bohai International Trust. 17 April 2016. Retrieved 14 February 2017.
  2. "Archived copy" 关于渤海国际信托股份有限公司变更注册资本、变更股权及调整股权结构的批复 (in Chinese). CBRC (Hebei Bureau). 14 October 2016. Archived from the original on 13 February 2017. Retrieved 12 February 2017.CS1 maint: archived copy as title (link)
  3. "Enterprise introduction" (in Chinese). Bohai International Trust. Retrieved 12 February 2017.
  4. "Archived copy" 关于河北省国际信托投资公司重新登记有关事项的批复 (in Chinese). China Banking Regulatory Commission (CBRC). 15 January 2004. Archived from the original on 13 February 2017. Retrieved 12 February 2017.CS1 maint: archived copy as title (link)
  5. "Archived copy" 关于渤海国际信托有限公司增加注册资本等事项的批复 (in Chinese). CBRC. 27 December 2010. Archived from the original on 13 February 2017. Retrieved 12 February 2017.CS1 maint: archived copy as title (link)
  6. "Archived copy" 渤海信托股权变更事宜的批复 (in Chinese). CBRC. 14 October 2014. Archived from the original on 13 February 2017. Retrieved 12 February 2017.CS1 maint: archived copy as title (link)
  7. 关联交易公告三 (PDF). Hainan Airlines (in Chinese). Shanghai Stock Exchange. 13 December 2012. Retrieved 12 February 2017.
  8. 关于放弃渤海信托优先增资权的公告 (PDF). Hainan Airlines (in Chinese). Shanghai Stock Exchange. 10 January 2014. Retrieved 12 February 2017.
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