Puhua Investment

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.

History
Puhua Investment was founded in 2002 as Tai'an Taishan Investment Holding. 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.

Shareholders
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 did not appear 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 a subsidiary of Taian Taishan Investment, to another existing shareholder, 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, 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  was based in Weifang.

Equity investments
Puhua Investment owned 10.00% stake of the Pacific Securities from 2007 to mid-2011. Puhua Investment disinvested the Pacific Securities to 9.57% in 2011, 8.34% in 2012, 3.18% in 2013. Since 2014 Puhua Investment was out of 10 top shareholders of the Pacific Securities (below the 10th for 1.95%); It was ranked as the second largest shareholder in 2012, behind a consortium of six companies for 25.38% shares.

Puhua Investment also owned 5.30% stake of Taian Bank as the 9th largest shareholder (as at 31 December 2015).

Puhua Investment was the 4th largest shareholder of New Times Securities for 8.5646% shares.