Potevio

Potevio

Potevio

Chinese manufacturing company

Potevio Group Corporation is a Chinese telecommunications hardware manufacturing company.[3] It was one of the 102 state-owned enterprises that is supervised by the State-owned Assets Supervision and Administration Commission of the State Council.[4] Potevio Group Corporation is the parent company of Potevio Co., Ltd..

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In 2021, it was reported that Potevio had been absorbed into China Electronics Technology Group (CETC).[5]

Subsidiaries

Potevio Group is the parent company of 5 listed companies: Shanghai Potevio (SSE:600680), Eastern Communications (SSE:600776), Nanjing Putian Telecommunications (SZSE:200468), Chengdu Putian Telecommunication Cables (HKEX:1202) and Eastcompeace Technology (SZSE:002017).[6]

Controversies

As of 2015, Potevio Group's subsidiary Potevio Co., Ltd. owned 39.04% stake of Puhua Investment as the largest shareholder.[7] Puhua Investment was infamously linked to Xiao Jianhua as part of his business empire, Tomorrow series of companies (Chinese: 明天系),[8][9] who brought the Pacific Securities to float in the Shanghai Stock Exchange.[10]

Puhua Investment was a minority shareholder of another securities broker New Times Securities [zh], which was part of the Tomorrow series of companies.[11]

References

  1. [1]
    发展历程 (in Chinese (China)). Potevio. Archived from the original on May 2, 2012. Retrieved February 1, 2019.
  2. [2]
    Potevio puts focus on manufacturing in ME
  3. [3]
    Shih, Gerry. "With state subsidies and a firm hand, China races ahead with electric transport". Washington Post. ISSN 0190-8286. Retrieved 2021-04-19.
  4. [4]
    "央企名录" [List of Central SOEs]. Official website of SASAC (in Chinese). 20 December 2016. Retrieved 10 February 2017.
  5. [5]
    "CETC starts integrating Potevio". Janes.com. Retrieved 2022-03-30.
  6. [6]
    上市公司概要 (in Chinese (China)). Potevio Group. Retrieved February 2, 2019.
  7. [7]
    "普华投资有限公司20%国有股权" (in Chinese (China)). Shandong Property Rights Exchange Center. 2015. Archived from the original on October 9, 2015. Retrieved February 10, 2017.
  8. [8]
    哈尔滨银行存款下滑盈利能力倒退 明天系暂未离场. 投资时报 (in Chinese (China)). September 7, 2018. Retrieved February 1, 2019 – via Sina news portal.
  9. [9]
    "明天系"与中小银行. jrj.com.cn (in Chinese (China)). September 4, 2013. Retrieved February 1, 2019.
  10. [10]
    "For One Tiananmen-Era Student, a Very Different Path to Power". The New York Times. June 4, 2014. Retrieved February 1, 2019.
  11. [11]
    打慈善的幌子卖股权信托. Guangzhou Daily (in Chinese (China)). April 15, 2012. Retrieved February 1, 2019 – via ifeng.com.
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