Peking University Resources (Holdings)

Peking University Resources (Holdings) Co., Ltd.

Company type	Public
Industry	Real estate
Predecessor	EC-Founder (Holdings) (2000–2013)
Founded	September 10, 1991 (1991-09-10) (as Management Investment & Technology (Holdings))
Headquarters	Beijing (parent companies) , China
Area served	China
Key people	Zheng Fu Shuang (executive director)
Owner	Peking University (indirect, partially owned)
Parent	PKU Resources Group Holdings and PKU Resources Group

Peking University Resources (Holdings) Co., Ltd. (referred to as PKU Resources) is a publicly traded Chinese company incorporated in Bermuda and listed on the Hong Kong Stock Exchange. It functions as an indirect, partially owned subsidiary of Peking University, which operates under the supervision of the Ministry of Education of the People's Republic of China. Consequently, PKU Resources is identified as a state-owned enterprise and categorized as a red chip firm.

The company's Hong Kong office was situated at Room 1408, 14/F, Wharf Cable Tower, Tsuen Wan. Its parent organizations, PKU Resources Group Holdings and PKU Resources Group, maintain their headquarters in Beijing.

When excluding shares held by Ronghai No. 10 SNIA QDII, a private equity fund managed by Rongtong Fund Management, along with those owned by executive director Zheng Fu Shuang’s consortium, PKU Resources’ freely tradable shares accounted for less than 20%. The company is not included in any major stock indices, rendering it ineligible for participation in either the Shenzhen-Hong Kong Stock Connect or the Shanghai-Hong Kong Stock Connect programs.

Name

While widely referred to as Peking University Resources within mainland China, this entity should not be mistaken for the larger Peking University Resources Group (), founded in 1992, nor its subsidiary Peking University Resources Group Holdings (), which serve as parent companies to the Hong Kong-listed firm.

Between 1991 and 2000, Peking University Resources (Holdings) operated under different names before adopting the title EC-Founder (Holdings) () from 2000 until 2013.

History

The company was originally registered in Hong Kong on 10 September 1991 under the name Management Investment & Technology (Holdings). In 2000, it was acquired by (), a subsidiary of Founder Group, enabling a backdoor listing for that group’s assets.

In 2013, after acquiring real estate holdings from its intermediate parent Founder Group, the company rebranded itself as Peking University Resources (Holdings). During December of that year, it issued 326.8 million new shares priced at HK$0.80 each to independent third-party investors. Following this transaction, Founder Group and Zheng Fu Shuang () collectively maintained a 63.74% ownership stake.

The following year, PKU Resources further expanded by purchasing twelve projects from another intermediate parent entity, Peking University Resources Group Holdings. This acquisition was structured as a combination of cash payment and share issuance, with shares allocated to Founder Information, the holding company. Later in 2014, additional shares were issued to Zheng Fu Shuang and other investors at HK$0.65 per share.

Shareholders

As of 31 December 2016, the principal shareholder holding 65.96% of the listed company was Founder Information (Hong Kong) Limited, incorporated in Hong Kong. This entity was owned by PKU Resources Group Holdings (51%), Founder Group (46.36%), and Founder Commodities (2.64%) as of May 2016. Each is a partially owned subsidiary of Peking University. Notably, Founder Group’s ownership was split between Peking University (70%) and its management team (30%), while PKU Resources Group Holdings was jointly controlled by PKU Resources Group and Founder Group in a 51:49 ratio.

The second largest shareholder was Zheng Fu Shuang, who directly held 200,019,000 shares and an additional 584,984,000 shares through Starry Nation Limited, a BVI-registered company partly owned by Shine Crest Group where Zheng controlled 95%. Among these holdings, Starry Nation pledged 100 million shares to Founder Information (HK). Zheng has served as an executive director since September 2006. Originally, his stake—amounting to 240,425,000 shares or 21.85%—was held via Shining Wisdom Group, also incorporated in the BVI. These shares were acquired from EC-Founder’s intermediate company for HK$6.85 million at approximately HK$0.285 per share.

Ranking third among shareholders was "Rongtong Ronghai No. 10 SNIA QDII," a private equity fund based in mainland China and managed by Rongtong Fund Management. The identities of this fund’s unit holders remain undisclosed.

External links

• Official site of Peking University Resources Group