Founder BEA Trust Co., Ltd. is a Chinese trust company, formerly known as Wuhan International Trust and Investment Corporation (WITIC; ).[1] 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 Wuhan Financial Holdings Group, a company owned by, for 10% stake.[2] However, in 2016 Wuhan Financial Holdings Group acquired 57.51% stake from Founder Group.[3] 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.
Location
WITIC survived the crash of Guangdong International Trust and Investment Corp. (GITIC) in 1998 [4]
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References
- 关于武汉国际信托投资公司重新登记等有关事项的批复 China Banking Regulatory Commission (CBRC), 2 September 2010, retrieved 9 January 2017^
- 2015 Annual Report Founder BEA Trust, 20 April 2016, retrieved 9 January 2017^
- 关于方正东亚信托有限责任公司调整股权结构的批复 CBRC, 4 November 2016, retrieved 9 January 2017^
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