Peking University Resources (Holdings) Co., Ltd. known also as PKU Resources is a Chinese listed company. The company was incorporated in

Bermuda Bermuda is a British Overseas Territories, British Overseas Territory in the Atlantic Ocean, North Atlantic Ocean. The closest land outside the territory is in the American state of North Carolina, about to the west-northwest. Bermuda is an ...

and listed in the

Hong Kong Stock Exchange The Stock Exchange of Hong Kong (, SEHK, also known as Hong Kong Stock Exchange) is a stock exchange based in Hong Kong. It is one of the largest stock exchanges in Asia and the List of major stock exchanges, 9th largest globally by market ...

. The company is an indirect non-wholly-owned subsidiary of

Peking University Peking University (PKU) is a Public university, public Types of universities and colleges in China#By designated academic emphasis, university in Haidian, Beijing, China. It is affiliated with and funded by the Ministry of Education of the Peop ...

, which in turn under the administration of the

Ministry of Education An education ministry is a national or subnational government agency politically responsible for education. Various other names are commonly used to identify such agencies, such as Ministry of Education, Department of Education, and Ministry of Pub ...

. The company is broadly considered a

state-owned enterprise A state-owned enterprise (SOE) is a business entity created or owned by a national or local government, either through an executive order or legislation. SOEs aim to generate profit for the government, prevent private sector monopolies, provide goo ...

of China. For the same reason, PKU Resources 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. The Hong Kong headquarters of the company was located on Room 1408, 14/F of

Wharf Cable Tower The Cable TV Tower ( Chinese: 有線電視大樓) is a skyscraper located in Tsuen Wan in Hong Kong which was completed in 1993. The large building stands tall with 41 floors of office and industrial space situated between Hoi Shing Road and Cha ...

, Tsuen Wan; the parent company of PKU Resources: PKU Resources Group Holdings and PKU Resources Group were headquartered in Beijing. The company had less than 20% free-floating shares if excluding the shares held by "Ronghai No. 10 SNIA QDII", a private equity fund managed by Rongtong Fund Management, as well as the shares held by a consortium of the executive director

Zheng Fu Shuang Zheng may refer to: *Zheng (surname), Chinese surname (鄭, 郑, ''Zhèng'') *Zheng County, former name of Zhengzhou, capital of Henan, China *Guzheng (), a Chinese zither instrument with bridges *Qin Shi Huang (259 BC – 210 BC), emperor of the Q ...

. The company was not included in any stock market indice, thus it is not eligible to

Shenzhen-Hong Kong Stock Connect Shenzhen-Hong Kong Stock Connect (SEHKSZSE) () is a cross-boundary investment channel that connects the Shenzhen Stock Exchange and the Hong Kong Stock Exchange. Under the program, investors in each market are able to trade shares on the other mark ...

nor

Shanghai-Hong Kong Stock Connect Shanghai-Hong Kong Stock Connect () is a cross-boundary investment channel that connects the Shanghai Stock Exchange and the Hong Kong Stock Exchange. Under the program, investors in each market are able to trade shares on the other market using t ...

Name

Despite Peking University Resources (Holdings) was commonly known as Peking University Resources, in mainland China, there were more famous Peking University Resources Group (), found in 1992, and its subsidiary Peking University Resources Group Holdings (), which were the parent companies of Hong Kong-based listed company. Peking University Resources (Holdings) was known as from 1991 to 2000 and EC-Founder (Holdings) () from 2000 to 2013.

History

The company was registered (as a foreign company) in Hong Kong on 10 September 1991 as Management Investment & Technology (Holdings). In 2000 it was takeover by (), a subsidiary of

Founder Group Founder Group () is a major Chinese technology conglomerate that deals with information technology, pharmaceuticals, real estate, finance, and commodities trading. It is divided into five major industry groups, each covering a separate industr ...

and backdoor listing the assets of the group. In 2013, the company acquired some real estate business from intermediate parent company Founder Group and renamed into Peking University Resources (Holdings). The listed company also issued 326,792,000 number of new shares to independent third parties for HK$0.80 each in December 2013. After the deal Founder Group and

() still owned a combined 63.74% shares. In 2014, Peking University Resources acquired 12 projects from another intermediate parent company Peking University Resources Group Holdings in cash and shares deal (the shares was allocated to intermediate holding company Founder Information). In December 2014 new shares were issued to Zheng Fu Shuang and other shareholders for HK$0.65 each.

Shareholders

As of 31 December 2016, the direct major shareholder (for 65.96%) of the listed company was HK incorporated "Founder Information (Hong Kong) Limited" (), which were owned by PKU Resources Group Holdings (51%),

(46.36%) and Founder Commodities (2.64%) (as of May 2016), all non-wholly owned subsidiary of the

. The second largest shareholder was

which he held 200,019,000 shares directly, and an additional 584,984,000 shares held by BVI-incorporated company Starry Nation Limited, which another BVI company, Shine Crest Group was the shareholder of Starry Nation; Zheng, owned 95% shares of Shine Crest Group. 100 million shares held by Starry Nation Limited were charged to Founder Information (HK). Zheng Fu Shuang was an executive director since September 2006. At first he owned all his stake (240,425,000 number of shares or 21.85%) via a

British Virgin Islands The British Virgin Islands (BVI), officially the Virgin Islands, are a British Overseas Territories, British Overseas Territory in the Caribbean, to the east of Puerto Rico and the United States Virgin Islands, US Virgin Islands and north-west ...

incorporated company Shining Wisdom Group (). The stake were acquired from the intermediate company of EC-Founder for HK$6.85 million (HK$0.285 per share). The third largest shareholder was "Rongtong Ronghai No. 10 SNIA QDII" (), a private equity fund based in mainland China, and managed by Rongtong Fund Management. The unit holders of the fund were not disclosed.基金一对多专户公示信息
Asset Management Association of China (in Chinese)

Footnotes

References

External links

*
Official website of Peking University Resources Group
{{authority control Companies listed on the Hong Kong Stock Exchange Real estate companies of China Tsuen Wan Peking University Government-owned companies of China Chinese companies established in 2000 Conglomerate companies of China Privatization in China Offshore companies of Bermuda