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00686 BJ ENERGY INTL

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  • 0.096
  • +0.005+5.49%
Market Closed Mar 28 16:08 CST
2.14BMarket Cap10.67P/E (TTM)

About BJ ENERGY INTL Company

(1) Establishment of a company BeijingEnergyInternationalHoldingCo., Ltd. , Ltd.), formerly known as GayGianoInternationalGroupLimited, was incorporated as a limited company in Bermuda on February 3, 2000. At the time of establishment of the company, the authorized share capital was HK$100,000 divided into 1,000,000 shares with a face value of HK$0.1 per share. The company was listed on the Hong Kong Stock Exchange on April 13, 2000, with the stock code 0686.HK. (2) Historical evolution of the company In July 2007, TiyuInvestmentsLimited and its co-actors completed a trading agreement for the company's shares and became the company's controlling shareholder. On December 2, 2008, the company name was changed from “GaygianoInternationalGroupLimited” to “TimeInfrastructureHoldingsLimited”, and “Taiyi Holdings Limited” was used as the company's Chinese name. On October 25, 2010, the company completed a very significant acquisition, placed new shares and increased authorized share capital in accordance with specific mandates, and sold company shares and convertible stock notes to Hong Zuhang and his co-actors to purchase solar assets. Hong Zuhang and his co-actors became the actual controllers of the company. On January 18, 2011, the company name was changed from “TimeInfrastructureHoldingsLimited” to “GoldPolyNewEnergyHoldingsLimited”, and “Jinpoly New Energy Co., Ltd.” was used as the company's Chinese name. In 2013, the company completed the acquisition of about 92.17% of the total issued share capital of China Merchants New Energy Holdings Co., Ltd., and China Merchants New Energy Group and GCL Poly Group became the main shareholders of the company, holding approximately 25.39% and 13.03% of the shares respectively. On February 11, 2014, the company name was changed from “GoldPolyNewEnergyHoldingsLimited” to “UnitedPhotoVoltaicsGroupLimited”, and “United Photovoltaics Group Co., Ltd.” was used as the company's Chinese name. On May 17, 2017, the company name was changed from “UnitedPhotoVoltaicsGroupLimited” to “PandaGreenEnergyGroupLimited”, and “Panda Green Energy Group Co., Ltd.” was used as the company's Chinese name. On February 18, 2020, Beijing Energy Investment Group (Hong Kong) Co., Ltd., a wholly-owned subsidiary of Beijing Energy Group Co., Ltd., completed the subscription for the company's newly issued shares, holding about 32% of the company's issued share capital, and became the controlling shareholder of the company. On August 7, 2020, the company changed its English name from “PandaGreenEnergyGroupLimited” to “BeijingEnergyInternationalHoldingCo.” , Ltd.”, and used “Beijing Energy International Holdings Co., Ltd.” as the company's Chinese name. As of December 31, 2022, the total number of shares issued by the issuer was 22,427,948,432 shares. In total, Beijing Energy Investment Group (Hong Kong) Co., Ltd. holds approximately 32% of the issuer's issued shares. (3) Major asset restructuring 1. Overview of major asset transactions In 2021, through business mergers and asset acquisitions, the company successively acquired power plants from various independent third parties through its indirect wholly-owned subsidiaries to enrich the company's existing renewable energy power plant investment portfolio and further expand the business scale in the renewable energy industry. 2. Form the basis for major asset restructuring The total assets, net assets and operating income of the above companies purchased in 2021 were approximately RMB10.282 billion, RMB3.491 billion and RMB858 million respectively. According to the “Non-financial Enterprise Debt Financing Instrument Public Issuance Registration Document Form System” and the “Dealers Association Non-financial Enterprise Debt Financing Instrument Registration and Issuance Business Q&A (June 29, 2022)”, the issuer's total assets, net assets, and revenue accounted for the ratio of the issuer's total assets, net assets, and revenue in the year before the restructuring was completed. If one of the three exceeds 50%, it can generally be considered to constitute a major asset restructuring. If the same or related assets are continuously transferred, purchased, or sold within 12 months, the corresponding amount is calculated separately based on the cumulative amount. The assets subject to the transaction are owned or controlled by the same trading party, or fall within the same or similar scope of business, and should generally be considered the same or related assets. The assets acquired by the issuer include 7 wind farms and 42 solar power plants. The issuer is mainly engaged in power plants and other renewable energy businesses, and the main revenue comes from the solar and wind power generation business. Therefore, the underlying assets acquired by the issuer fall within the same or similar scope of business as the issuer's main business, and the cumulative calculated net assets account for more than 50% of the issuer's net assets at the end of the consolidated financial accounting report period audited in the most recent fiscal year, constituting a major asset restructuring. 3. Compliance instructions The company's major asset restructuring has all been completed, and all major acquisition projects have completed necessary approval procedures, etc., in accordance with laws and regulations, relevant national policies, articles of association, and internal company processes. The issuer's attorney believes that the issuer's asset acquisition mentioned above will not have a substantial adverse impact on the issuer's eligibility as a registered debt financing instrument and the effectiveness of the resolution to apply for this registered debt financing instrument. 4. Asset management of overseas targets The assets acquired by the issuer include an overseas target asset, WollarSolarDevelopmentPTYLTD. The acquisition period was March 2021, and the share ratio was 100%. Therefore, the sole shareholder of the underlying asset is the issuer, and the issuer has 100% control over it. After the acquisition is completed, on the premise of complying with the laws and regulations of the two regions, the issuer appoints a director and daily operation management team to the overseas company. The company's important matters and daily business management decisions must be reviewed and approved by the issuer's relevant hierarchical decision meeting before they can be specifically implemented. The issuer can achieve effective control over the overseas company and have relatively complete management measures.

Company Profile

Symbol00686
Company NameBJ ENERGY INTL
ISINBMG1146K1018
Listing Date04/13/2000
Issue Price1.20
Shares Offered50.00M share
Founded02/03/2000
RegistrationBermuda
ChairmanPing Zhang
SecretaryXiao Zhang
Audit InstitutionGrant Tung (Hong Kong) Certified Public Accountants Limited
Company CategoryOverseas registration of Mainland State-owned Assets control
Registered OfficeClarendon House 2 Church Street Hamilton HM 11 Bermuda
Head Office and Principal Place of BusinessRoom 1012, 10th floor, West Wing, Shun Tak Centre, 168-200 Connaught Road Central, Hong Kong
Fiscal Year Ends12-31
Employees1652
MarketHong Kong motherboard
Phone(010)85612588;010-65887888-8193
Fax(010)65006820
Emailmkt@gaygiano.com
Business Beijing Energy International Holdings Co., Ltd. (formerly Panda Green Energy Group Co., Ltd.) is an investment holding company mainly engaged in the solar power plant business. The company is mainly engaged in the development, investment, operation and management of solar power plants and other renewable energy projects. Renewable energy projects include investment and operation of clean energy such as photovoltaics, wind power, and hydropower. The company's new energy projects are spread all over the country and some overseas regions, including Inner Mongolia, Qinghai, Ningxia, Shanxi, Hubei, Xinjiang, Gansu, Yunnan, Shandong, Jiangsu, Hebei, Guangdong, etc.

Company Executives

  • Name
  • Position
  • Salary
  • Ping Zhang
  • Chairman of the Risk Control Committee,Nomination Committee Chairman,Chairman of the Board,Executive Director
  • 2.06M
  • Zhenwei Lu
  • Risk Control Committee Member,Executive Director
  • --
  • Yongjian Su
  • Remuneration Committee Member,Risk Management Committee Member,Non-Executive Director
  • --
  • Hao Li
  • Risk Control Committee Member,Non-Executive Director
  • 170.00K
  • Guoxi Liu
  • Audit Committee Member,Non-Executive Director
  • --
  • Xiaoyu Lu
  • Non-Executive Director
  • --
  • Xinbin Jin
  • Independent Non-Executive Director,Nomination Committee Member,Remuneration Committee Member
  • 170.00K
  • Hongwei Li
  • Remuneration Committee Chairman,Independent Non-Executive Director,Audit Committee Chairman
  • 170.00K
  • Jianbiao Zhu
  • Independent Non-Executive Director,Nomination Committee Member,Audit Committee Member
  • 170.00K
  • Jun Zhu
  • CEO
  • --
  • Hui Huang
  • CFO
  • --
  • Xiao Zhang
  • Authorized Representative,Company Secretary
  • --

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