Potevio Group Corporation was a Chinese telecommunications hardware manufacturing company. It was one of the

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 ...

s that was supervised by the

State-owned Assets Supervision and Administration Commission of the State Council The State-owned Assets Supervision and Administration Commission of the State Council (SASAC) is a special commission of the State Council of the People's Republic of China. It was founded in 2003 through the consolidation of various other indus ...

. Potevio Group Corporation is the parent company of Potevio Co., Ltd.. In 2021, it was reported that Potevio had been absorbed into China Electronics Technology Group (CETC).

Subsidiaries

Potevio Group is the parent company of 5 listed companies: Shanghai Potevio (SSE:600680),

Eastern Communications Eastern Telecommunications Philippines, Inc. (ETPI), doing business as Eastern Communications, is the first telecommunications company in the Philippines under Vega Telecom. Founded in 1878 during the final years of the Spanish colonial era, it ...

(SSE:600776), Nanjing Putian Telecommunications (SZSE:200468), Chengdu Putian Telecommunication Cables (HKEX:1202) and Eastcompeace Technology (SZSE:002017).

Controversies

As of 2015, Potevio Group's subsidiary Potevio Co., Ltd. owned 39.04% stake of

Puhua Investment Puhua Investment Co., Ltd. is a Chinese company based in Tai'an, Shandong Province. As of 31 December 2015, state-owned enterprise Potevio owned 39.04% stake as the largest shareholder.Xiao Jianhua Xiao Jianhua (, born 13 January 1972) is a Chinese-Canadian businessman and billionaire known for managing assets for the descendants of prominent Chinese leaders. He was taken from Hong Kong to mainland China in 2017. Canadian diplomats were d ...

as part of his business empire, Tomorrow ''series of companies'' (), who brought the

Pacific Securities The Pacific Securities Co., Ltd. is a Chinese investment bank and brokerage firm. The company is listed on the Shanghai Stock Exchange. As on 28 November 2016, The Pacific Securities is a constituent of CSI 300 Index (and mid-cap sub-index CSI ...

to float in the

Shanghai Stock Exchange The Shanghai Stock Exchange (, SSE) is a stock exchange based in the city of Shanghai, China. It is one of the three stock exchanges operating independently in mainland China, the others being the Beijing Stock Exchange and the Shenzhen Stock ...

. Puhua Investment was a minority shareholder of another securities

broker A broker is a person or entity that arranges transactions between a buyer and a seller. This may be done for a commission when the deal is executed. A broker who also acts as a seller or as a buyer becomes a principal party to the deal. Neither ...

, which was part of the Tomorrow series of companies.

References

{{authority control Government-owned companies of China Manufacturing companies based in Beijing Companies established in 1980