China Energine International (Holdings) Limited, or China Energine, is a
Hong Kong
Hong Kong)., Legally Hong Kong, China in international treaties and organizations. is a special administrative region of China. With 7.5 million residents in a territory, Hong Kong is the fourth most densely populated region in the wor ...
–based and
Cayman Islands
The Cayman Islands () is a self-governing British Overseas Territories, British Overseas Territory, and the largest by population. The territory comprises the three islands of Grand Cayman, Cayman Brac and Little Cayman, which are located so ...
-incorporated holding company. The controlling shareholder was Chinese state-owned mega-conglomerate
China Aerospace Science and Technology Corporation
The China Aerospace Science and Technology Corporation (CASC) is a main contractor for the Chinese space program. It is state-owned and has subsidiaries which design, develop and manufacture a range of spacecraft, launch vehicles, and ground equ ...
(CASC). The company was formerly known as CASIL Telecommunications Holdings Limited; CASIL was an acronym of
China Aerospace International Holdings Limited, a listed subsidiary of CASC.
Both China Energine and CASIL were
red chip
Red chip stocks () are the stocks of mainland China companies incorporated outside mainland China and listed in Hong Kong. It refers to businesses based in mainland China and with (majority) shares controlled either directly or indirectly by a ...
companies.
China Energine became a listed company on 11 August 1997.
[ On 30 June 2016, it had a market capitalization of HK$2.752 ]billion
Billion is a word for a large number, and it has two distinct definitions:
* 1,000,000,000, i.e. one thousand million, or (ten to the ninth power), as defined on the short scale. This is now the most common sense of the word in all varieties of ...
.[
China Energine engages in wind power and telecommunication equipment manufacturing business.
]
History
CASIL Telecommunications Holdings Limited (, "CASIL Telecom" or "Castel" in short) was spin-off from China Aerospace International Holdings Limited (CASIL) in 1997. CASIL was a subsidiary of China Aerospace Science and Technology Corporation
The China Aerospace Science and Technology Corporation (CASC) is a main contractor for the Chinese space program. It is state-owned and has subsidiaries which design, develop and manufacture a range of spacecraft, launch vehicles, and ground equ ...
(CASC). , CASC, via China Academy of Launch Vehicle Technology
The China Academy of Launch Vehicle Technology (CALT) is a major state-owned civilian and military space launch vehicle manufacturer in China and one of the major launch service providers in the world. CALT is a subsidiary of the larger China A ...
and its BVI subsidiary, "Astrotech Group Limited", owned 73.10% shares of the listed company. In 2008, the wind power business was injected to the listed company, as well as renaming the company to China Energine International (Holdings) Limited. The brand Castel was retained by the Hong Kong-incorporated subsidiary "China Aerospace Telecommunications Limited" ().
The company had caused a controversy by not removing Au-yeung Keung as the company secretary (a position in a listed company that was regulated) in 2016, despite his accountancy registration has been suspended for three years in 2016.
Name
The English name, Energine, was a phase that combined energy and engine; the Chinese name (), combined the Chinese character for 10,000
10,000 (ten thousand) is the natural number following 9,999 and preceding 10,001.
Name
Many languages have a specific word for this number: in Ancient Greek it is (the etymological root of the word myriad in English), in Aramaic , in Hebre ...
() and nergysource ().
The slogan of the company was "from engine to new energy".
Shareholders
, China Energine major shareholder was Astrotech Group Limited for 60.64%, which was a subsidiary of China Academy of Launch Vehicle Technology
The China Academy of Launch Vehicle Technology (CALT) is a major state-owned civilian and military space launch vehicle manufacturer in China and one of the major launch service providers in the world. CALT is a subsidiary of the larger China A ...
, in turn a wholly owned subsidiary of China Aerospace Science and Technology Corporation
The China Aerospace Science and Technology Corporation (CASC) is a main contractor for the Chinese space program. It is state-owned and has subsidiaries which design, develop and manufacture a range of spacecraft, launch vehicles, and ground equ ...
, in turn a wholly owned subsidiary of the . As the company was incorporated outside mainland China but controlled by the Chinese Government, the company is a red chip
Red chip stocks () are the stocks of mainland China companies incorporated outside mainland China and listed in Hong Kong. It refers to businesses based in mainland China and with (majority) shares controlled either directly or indirectly by a ...
company.[
]
See also
* APT Satellite Holdings
APT Satellite Holdings Limited is a Bermuda-incorporated holding company. Its Hong Kong-incorporated subsidiary APT Satellite Co., Ltd. is the operator of the Apstar satellite constellation. APT Satellite Holdings and APT Satellite are headquarte ...
, sister company in Hong Kong
* China Aerospace International Holdings, sister company in Hong Kong
References
External links
*
{{authority control
Holding companies of Hong Kong
Engineering companies of China
Companies listed on the Hong Kong Stock Exchange
China Aerospace Science and Technology Corporation
Offshore companies of the Cayman Islands
Chinese brands