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About: Founder BEA Trust     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : dbo:Organisation, within Data Space : dbpedia.org associated with source document(s)

Type: Thingcompanyschema:BankOrCreditUnionschema:Organizationdul:Agentdul:SocialPersonagentwikidata:Q24229398OrganizationBusiness enterprisebankorganisation New Facet based on Instances of this Class

Founder BEA Trust Co., Ltd. is a Chinese trust company, formerly known as Wuhan International Trust and Investment Corporation (WITIC; Chinese: 武汉国际信托投资公司). Founder BEA Trust was a subsidiary of Founder Group for 70.01% stake, with Bank of East Asia owned 19.99%. The third largest shareholder was , a company owned by , for 10% stake. However, in 2016 Wuhan Financial Holdings Group acquired 57.51% stake from Founder Group. An additional 12.5% stake sold by Founder Group to their associate company China Hi-Tech Group (SSE: 600730) was still pending the approval from China Banking Regulatory Commission, according to the third quarterly report of China Hi-Tech Group in 2016.