China Oceanwide Holdings Group
China Oceanwide Holdings Group Co., Ltd.
China Oceanwide
Private
Traded as
Industry Conglomerate
Headquarters Beijing, China
Key people
Lu Zhiqiang (Founder & chairman)
Products Real Estate
Services Financial services
Revenue IncreaseCN¥14.098 billion (2015)
Increase CN¥9.473 billion (2015)
Profit Increase CN¥8.200 billion (2015)
Increase CN¥199.437 billion (2015)
Increase CN¥27.526 billion (2015)
Owner Lu Zhiqiang (77.14%)
Parent
  • Tohigh Holding (ultimate)
Subsidiaries
Website www.chinaoceanwide.com
Footnotes / references
in a consolidated basis[1]

China Oceanwide Holdings Group Co., Ltd. (Chinese: ) known also as China Oceanwide is a Chinese privately owned investment company. It is the parent company of publicly traded company Oceanwide Holdings as well as the largest shareholder of another public company Minsheng Holding.

Founder Lu Zhiqiang, via Tohigh Holding Co., Ltd. (Chinese: ?), owned 100% stake of Oceanwide Group Co., Ltd. (Chinese: ?), in turn Oceanwide Group owned 98% stake of China Oceanwide Holdings Group. The 2% stake was owned by Tohigh Holding. In turn, China Oceanwide Holdings Group owned Oceanwide Holdings and Oceanwide Holdings owned Hong Kong publicly traded company China Oceanwide Holdings Limited.

History

China Oceanwide Holdings Group was the parent company of publicly traded companies Oceanwide Holdings (SZSE: 00046) and China Oceanwide Holdings Limited (SEHK00715, themselves were parent and subsidiary). China Oceanwide Holdings Group had injected many assets to Oceanwide Holdings since 2005, but still half of the total assets were not listed (as of 2015 data). Moreover, the hotel assets of Oceanwide Group/Tohigh Holding (the parent companies), were owned by China Oceanwide Holdings Group's sister company.

In 2013 China Oceanwide Holdings Group acquired the controlling stake of China Minsheng Trust,[2] and sold to Oceanwide Holdings in 2016. In 2015, China Oceanwide International Investment, an unlisted subsidiary of China Oceanwide Holdings Group, sold an Indonesian power plant project to China Oceanwide Holdings Limited. However, China Oceanwide International Investment retained 100% stake of PT. China Oceanwide Indonesia.[3]

In 2016 it was announced that Genworth Financial was acquired by China Oceanwide Holdings Group (via Asia Pacific Global Capital).[4] The group also acquired International Data Group.[5]

Subsidiaries

Equity investments

References

  1. ^ "2015 Annual Report" (PDF). China Oceanwide Holdings Group (in Chinese). Shanghai Stock Exchange. 28 April 2016. Retrieved 2017. 
  2. ^ "?" (in Chinese). China Banking Regulatory Commission (CBRC). 15 April 2013. Retrieved 2017. 
  3. ^ "MAJOR AND CONNECTED TRANSACTIONS IN RELATION TO THE ACQUISITION OF A US REAL ESTATE PROJECT AND AN INDONESIAN POWER PLANT PROJECT" (PDF). China Oceanwide Holdings Limited. Hong Kong Stock Exchange. 20 August 2015. Retrieved 2017. 
  4. ^ "Genworth Financial Inc. announces acquisition by China Oceanwide" (PDF). Genworth Mortgage Insurance Australia. 24 October 2016. Retrieved 2017. 
  5. ^ https://www.idg.com/news/china-oceanwide-completes-acquisition-idg/
  6. ^ "" (PDF). China Minsheng Bank (in Chinese). Shanghai Stock Exchange. 20 December 2016. Retrieved 2017. 
  7. ^ "2015-16 Annual Report" (PDF). CuDeco. 21 November 2016. Retrieved 2017. 
  8. ^ "2015 Annual Report" (PDF). Legend Holdings. Hong Kong Stock Exchange. 15 April 2016. Retrieved 2017. 

External links


  This article uses material from the Wikipedia page available here. It is released under the Creative Commons Attribution-Share-Alike License 3.0.


China_Oceanwide_Holdings_Group
 



 

Connect with defaultLogic
What We've Done
Led Digital Marketing Efforts of Top 500 e-Retailers.
Worked with Top Brands at Leading Agencies.
Successfully Managed Over $50 million in Digital Ad Spend.
Developed Strategies and Processes that Enabled Brands to Grow During an Economic Downturn.
Taught Advanced Internet Marketing Strategies at the graduate level.


Manage research, learning and skills at defaultLogic. Create an account using LinkedIn or facebook to manage and organize your IT knowledge. defaultLogic works like a shopping cart for information -- helping you to save, discuss and share.


  Contact Us