|Lu Zhiqiang (Founder & chairman)|
|Revenue||CN¥14.098 billion (2015)|
|CN¥9.473 billion (2015)|
|CN¥8.200 billion (2015)|
|CN¥199.437 billion (2015)|
|CN¥27.526 billion (2015)|
|Owner||Lu Zhiqiang (77.14%)|
|Footnotes / references
in a consolidated basis
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.
China Oceanwide Holdings Group was the parent company of publicly traded companies Oceanwide Holdings (SZSE: 00046) and China Oceanwide Holdings Limited (SEHK: 00715, 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, 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.
In 2016 it was announced that Genworth Financial was acquired by China Oceanwide Holdings Group (via Asia Pacific Global Capital). The group also acquired International Data Group. However as of April 2018 the acquisition of Genworth has not yet gone through as the deal awaits approval by CFIUS in the United States.
Manage research, learning and skills at defaultLogic. Create an account using LinkedIn or facebook to manage and organize your Digital Marketing and Technology knowledge. defaultLogic works like a shopping cart for information -- helping you to save, discuss and share.Visit defaultLogic's partner sites below: