Bohai Trust

Bohai International Trust Co., Ltd. (BITC) known as just Bohai Trust, is a Chinese investment management company based in Shijiazhuang, Hebei Province. The company has licensed to create trust (as private equity fund). The company is a subsidiary of HNA Group for 51.23% shares (via HNA Capital), plus additional 22.10% shares via China Xinhua Airlines, a subsidiary (83.39%) of Hainan Airlines. Hainan Airlines, a listed company, is partially owned by HNA Group. The remain 26.67% shares of the trust company were owned by another subsidiary of HNA Group (), which the group owned 72.98% stake of that subsidiary directly and indirectly (via ).
History.
The predecessor of the trust company was founded in December 1983 as Hebei International Trust Investment Corporation (). In 2004 the company was re-registered as Hebei International Trust & Investment Co., Ltd. (), which Hebei Provincial State-owned Assets Supervision and Administration Commission was the largest shareholder for 95.24% stake. In 2006 it was acquired by HNA Group from ; the share capital of the company had increased to in 2010 and to in 2016. The company also changed from "company limited by quote/stake" to "company limited by shares" (analog to public limited company) in 2015.
In 2012 China Xinhua Airlines also acquired the minority stake (795.65 million shares) from HNA Hospitality Group, , Haikou Meilan International Airport Co., Ltd. and 2 sister companies, for a total price of ( per share). China Xinhua Airlines did not subscribed the 2016 capital increase of the trust company, making the shares were diluted to 22.10%.