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 Increase CN¥14.098 billion (2015)
Increase CN¥9.473 billion (2015)
Increase CN¥8.200 billion (2015)
Total assets Increase CN¥199.437 billion (2015)
Total equity Increase CN¥27.526 billion (2015)
Owner Lu Zhiqiang (77.14%)
Parent
  • Tohigh Holding (ultimate)
  • Oceanwide Group (intermediate)
Subsidiaries
Website www.chinaoceanwide.com
Footnotes / references
in a consolidated basis[1]

China Oceanwide Holdings Group Co., Ltd. (Chinese: 中国泛海控股集团) 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: 通海控股), owned 100% stake of Oceanwide Group Co., Ltd. (Chinese: 泛海集团), 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 (SEHK: 715, 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] 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.

Subsidiaries

  • China Oceanwide International Investment (100%)
    • PT. China Oceanwide Indonesia (100%)
  • Oceanwide Energy Holdings (Chinese: 泛海能源控股, 100%)
  • Oceanwide Energy Investment Baotou (Chinese: 泛海能源投资包头, 100%)
  • Oceanwide Industries (Chinese: 泛海实业, 100%)
  • Asia Pacific Global Capital
  • Oceanwide Holdings (SZSE: 000046 69.01%)
    • subsidiaries omitted

Equity investments

References

  1. ↑ "2015 Annual Report" (PDF). China Oceanwide Holdings Group (in Chinese). Shanghai Stock Exchange. 28 April 2016. Retrieved 23 January 2017.
  2. ↑ "关于中国旅游国际信托投资有限公司重新登记等有关事项的批复" (in Chinese). China Banking Regulatory Commission (CBRC). 15 April 2013. Retrieved 22 January 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 24 January 2017.
  4. ↑ "Genworth Financial Inc. announces acquisition by China Oceanwide" (PDF). Genworth Mortgage Insurance Australia. 24 October 2016. Retrieved 22 January 2017.
  5. ↑ https://www.idg.com/news/china-oceanwide-completes-acquisition-idg/
  6. ↑ "简式权益变动报告书" (PDF). China Minsheng Bank (in Chinese). Shanghai Stock Exchange. 20 December 2016. Retrieved 22 January 2017.
  7. ↑ "2015–16 Annual Report" (PDF). CuDeco. 21 November 2016. Retrieved 23 January 2017.
  8. ↑ "2015 Annual Report" (PDF). Legend Holdings. Hong Kong Stock Exchange. 15 April 2016. Retrieved 23 January 2017.
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