HNA Technology

HNA Technology Co., Ltd. formerly known as Tianjin Tianhai Investment Co., Ltd. is a Chinese holding company which specialized in marine transportation services. However, in recent year it was most known as the investment vehicle of HNA Group to acquire American company Ingram Micro.[3] The shares of Tianhai Investment, A share and B share (Chinese stock terminology) were both listed in the Shanghai Stock Exchange.

Not to be confused with "HNA Technology Group", the direct parent company, or sister listed company HNA Technology Investments Holdings.
HNA Technology
Formerly
  • Tianjin Marine Shipping
  • Tianhai Investment
TypeListed
SSE: 600751(A share)
SSE: 900938(B share)
Headquarters
Tianjin
,
China
CN¥000322 million (2016)
Total assets CN¥117.966 billion (2016)
Total equity CN¥012.770 billion (2016)
Owner
HNA Group(20.76% via investment vehicle HNA Technology Group)[1]
Guohua Life(14.33% as equity fund manager)
Grand China Logistics Holdings(9.19%; affiliate of HNA Group)
SubsidiariesIngram Micro
Chinese name
Simplified Chinese海航科技股份有限公司
Traditional Chinese海航科技股份有限公司
Chinese short name
Simplified Chinese海航科技
Traditional Chinese海航科技
Literal meaningHNA Technology
Historical Chinese name
Simplified Chinese天津天海投资发展股份有限公司
Traditional Chinese天津天海投資發展股份有限公司
Literal meaningTianjin Tianhai Investment [&] Development Co., Ltd. by Shares
Historical Chinese short name
Simplified Chinese天海投资
Traditional Chinese天海投資
Literal meaningTianhai Investment
Second historical Chinese name
Simplified Chinese天津海运
Traditional Chinese天津海運
Websitewww.hna-tic.com
Footnotes / references
in consolidated financial statement[2]

History

The company was fined by China Securities Regulatory Commission in 2003 for delay to publish 2002 Annual Report.[4]

In 2015 Tianjin Marine Shipping was renamed to Tianhai Investment.[5]

In 2016, Tianhai Investment acquired Ingram Micro in a leveraged buyout, which the company borrowed a huge sum from the Agricultural Bank of China.[6]

In November 2017, as part of a planned reverse IPO, the listed company was proposed to rename to HNA Technology, namesake of its largest shareholder HNA Technology Group.[7]

According to an interview with a staff from parent company HNA Technology Group in 2019, HNA Technology had 11 ships to be sold, including Capesize cargo ships.[8] It was reported that the company had sold a ship Grand Amanda in 2018.[9]

References
  1. 关于公司前十大股东持股情况的公告 (PDF) (Press release) (in Chinese). Tianhai Investment. 25 January 2018. Retrieved 30 January 2018 – via Shanghai Stock Exchange website.
  2. 2016年年度报告 [2016 Annual Report] (PDF) (in Chinese). Tianhai Investment. 22 April 2017. Retrieved 31 January 2018 – via Shanghai Stock Exchange website.
  3. "What do we know about Tianjin Tianhai, the company buying Ingram Micro?". ARN. IDG Communications. 18 February 2016. Retrieved 30 January 2018.
  4. 行政处罚决定书（天津海运） (Press release) (in Chinese). China Securities Regulatory Commission. 21 January 2004. Retrieved 30 January 2018.
  5. 上海航华船代客户服务中心 (3 April 2015). 天津海运更名为天海投资. 海事快讯 (in Chinese). Retrieved 28 April 2018.
  6. "Ingram Micro's Ratings Unchanged at 'BBB-' Following Merger". Fitch Ratings. 6 December 2016. Retrieved 19 July 2017 – via Business Wire.
  7. 小鲨鱼 (pseudonym), ed. (27 November 2017). 天海投资:圈钱百亿造就疯狂并购路 资金用途说变就变. 市值风云 (in Chinese). Retrieved 28 April 2018 – via Sina web portal.
  8. 海航科技否认出售三艘散货船. 国际船舶网 (in Chinese). 24 April 2019. Retrieved 20 May 2019.
  9. 海航科技计划出售整个船队. 国际船舶网 (in Chinese). 16 December 2018. Retrieved 20 May 2019.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.