HNA Technology
Chinese holding company
From Wikipedia, the free encyclopedia
HNA Technology Co., Ltd. formerly known as Tianjin Tianhai Investment Co., Ltd. is a Chinese holding company which specialized in marine transportation services. However, in recent year it was most known as the investment vehicle of HNA Group to acquire American company Ingram Micro.[3] The shares of Tianhai Investment, A share and B share (Chinese stock terminology) were both listed in the Shanghai Stock Exchange.
| Formerly |
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|---|---|---|---|---|---|---|---|
| Company type | Listed | ||||||
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| Headquarters | Tianjin , China | ||||||
 CN¥322 million (2016) | |||||||
| Total assets | CN¥117.966 billion (2016) | ||||||
| Total equity | CN¥12.770 billion (2016) | ||||||
| Owner |
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| Chinese name | |||||||
| Simplified Chinese | 海航科技股份有限公司 | ||||||
| Traditional Chinese | 海航科技股份有限公司 | ||||||
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| Chinese short name | |||||||
| Simplified Chinese | 海航科技 | ||||||
| Traditional Chinese | 海航科技 | ||||||
| Literal meaning | HNA Technology | ||||||
| |||||||
| Historical Chinese name | |||||||
| Simplified Chinese | 天津天海投资发展股份有限公司 | ||||||
| Traditional Chinese | 天津天海投資發展股份有限公司 | ||||||
| Literal meaning | Tianjin Tianhai Investment [&] Development Co., Ltd. by Shares | ||||||
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| Historical Chinese short name | |||||||
| Simplified Chinese | 天海投资 | ||||||
| Traditional Chinese | 天海投資 | ||||||
| Literal meaning | Tianhai Investment | ||||||
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| Second historical Chinese name | |||||||
| Simplified Chinese | 天津海运 | ||||||
| Traditional Chinese | 天津海運 | ||||||
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| Website | www | ||||||
| Footnotes / references in consolidated financial statement[2] | |||||||
History
The company was fined by China Securities Regulatory Commission in 2003 for delay to publish 2002 Annual Report.[4]
In 2015 Tianjin Marine Shipping was renamed to Tianhai Investment.[5]
In 2016, Tianhai Investment acquired Ingram Micro in a leveraged buyout, which the company borrowed a huge sum from the Agricultural Bank of China.[6]
In November 2017, as part of a planned reverse IPO, the listed company was proposed to rename to HNA Technology, namesake of its largest shareholder HNA Technology Group.[7]
According to an interview with a staff from parent company HNA Technology Group in 2019, HNA Technology had 11 ships to be sold, including Capesize cargo ships.[8] It was reported that the company had sold a ship Grand Amanda in 2018.[9]
