Beida Jade Bird Universal Sci-Tech

Beijing Beida Jade Bird Universal Sci-Tech Co., Ltd.

Company type	Public
Industry	Electronic fire safety devices, Tourism, Equity holdings
Predecessor	Beida Jade Bird Universal Sci-Tech (intermediate holding entity)
Founded	March 29, 2000 (2000-03-29) in Beijing, China
Headquarters	Beijing , China
Area served	China
Products	Electronic fire safety devices
Owner	Peking University (principal shareholder group)

Beijing Beida Jade Bird Universal Sci-Tech Co., Ltd. (referred to as Jade Bird Universal) is a publicly traded Chinese enterprise that focuses on producing electronic fire safety devices and engages in the tourism industry along with various equity holdings. Its principal shareholder group consists of subsidiaries partially owned by Peking University.

Between 10 August 2000 and 3 October 2001, Jade Bird Universal was included in the Hang Seng China Enterprises Index.

Name

The company, known as Beida Jade Bird Universal Sci-Tech or simply Jade Bird Universal (), formerly had an intermediate holding entity called "Beijing Beida Yuhuan Microelectronic System Engineering" (). The terms Yuhuan () and Huanyu () are derived from the Chinese word for Universal (). Similar to its affiliated firms, it operates under brand names such as "Beida Jade Bird," "Jade Bird," "PKU Jade Bird," or "Peking University Jade Bird."

History

Established on 29 March 2000, Beijing Beida Jade Bird Universal Sci-Tech Co., Ltd. was also registered as a foreign company in Hong Kong within the same year. Before its initial public offering, the ownership of 70 million shares at par value of each was distributed as follows: Heng Huat Investments’ subsidiary (linked to employee ownership in Jade Bird Software) held 31.43%; subsidiaries of Jade Bird Software (including Beijing Jade Bird, Jade Bird Software System, and Beida Yuhuan Microelectronic System Engineering) owned 33.57%; Beijing Tianqiao Beida Beida Jade Bird Sci-Tech (), an affiliate of Jade Bird Software, accounted for 10.71%; Mongolia Energy Corporation (formerly New World Cyberbase) possessed 10.00%; private equity fund AR Asia Special Strategies Fund held 7.14%; and private investors Dragon Air Investments and Hinet controlled 4.29% and 2.86%, respectively. The IPO released 24 million H shares priced at HK$11 each.

By the end of 2015, the number of H shares had increased to 484.8 million with a par value of each.

Subsidiaries

As reported on 31 December 2015:

• Beida Jade Bird Universal Sci-Tech (Cayman) Development (100% ownership)
• Beida Jade Bird Universal Fire Alarm Device (51% ownership)
• Beijing Jade Bird Universal Fire System Software Service (51% ownership)
• Chuanqi Tourism Investment (60% ownership)
• Hengsheng Investment Management (55% ownership)
• Si Chuan Jiu Yuan Intelligent Surveillance (38% ownership)
• PWC Winery (75% ownership)

Shareholders

As of 31 December 2015, Peking University remained the dominant shareholder, holding a total stake of 24.05% via several subsidiaries: Beijing Beida Jade Bird directly owned 9.71%; this entity itself was partially owned (46%) by , which was in turn 48% owned by Peking University. Other holdings included Shenzhen Beida Jade Bird Sei-Tech (7.17%), a subsidiary mostly owned by Beijing Beida Jade Bird, and Haikou Jade Bird Yuanwang Sci-Tech Development (7.17%), a subsidiary under Jade Bird Software with a 46% stake. There were intentions to transfer shares from "Jade Bird Shenzhen" to "Jade Bird Haikou."

The second-largest equity holder was Heng Huat Investments, representing employee-owned shares totaling 17.34%. Additional significant shareholders included Grand East (H.K.) with 9.28%, Mongolia Energy Corporation at 7.14%, and AR Asia Special Strategies Fund through Asian Technology Investment holding 4.22%.