Potevio
Chinese manufacturing company
From Wikipedia, the free encyclopedia
Potevio Group Corporation was a Chinese telecommunications hardware manufacturing company.[3] It was one of the state-owned enterprises that was supervised by the State-owned Assets Supervision and Administration Commission of the State Council.[4] Potevio Group Corporation is the parent company of Potevio Co., Ltd..
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Headquarters of Potevio in Zhongguancun, Beijing | |
| Formerly | PTIC |
|---|---|
| Company type | state-owned enterprise |
| Founded | 1980[1] |
| Headquarters | Beijing , China |
Area served | mainland China |
| Owner | Chinese Central Government |
Number of employees | 53,000[2] |
| Parent | China Electronics Technology Group |
| Subsidiaries | Potevio Co., Ltd. |
| Potevio Group | |||
|---|---|---|---|
| Simplified Chinese | 中国普天信息产业集团有限公司 | ||
| |||
| Potevio Co., Ltd. | |||
| Simplified Chinese | 中国普天信息产业股份有限公司 | ||
| |||
In 2021, it was reported that Potevio had been absorbed into China Electronics Technology Group (CETC).[5]
Subsidiaries
Potevio Group is the parent company of 5 listed companies: Shanghai Potevio (SSE:600680), Eastern Communications (SSE:600776), Nanjing Putian Telecommunications (SZSE:200468), Chengdu Putian Telecommunication Cables (HKEX:1202) and Eastcompeace Technology (SZSE:002017).[6]
Controversies
As of 2015, Potevio Group's subsidiary Potevio Co., Ltd. owned 39.04% stake of Puhua Investment as the largest shareholder.[7] Puhua Investment was infamously linked to Xiao Jianhua as part of his business empire, Tomorrow series of companies (Chinese: 明天系),[8][9] who brought the Pacific Securities to float in the Shanghai Stock Exchange.[10]
Puhua Investment was a minority shareholder of another securities broker New Times Securities, which was part of the Tomorrow series of companies.[11]