Who owns Shandong Heavy Industry Group? Shandong Provincial SASAC's stake and the ownership chain
Facts checked
Shandong Heavy Industry Group appears here because the ownership graph records a holding in it by a Chinese entity. The chain below is the whole of what this site claims.
Shandong Heavy Industry Group is a provincial state enterprise supervised by the Shandong state-asset commission. We did not find a published percentage.
The short answer
| Controlled by | Shandong Provincial SASAC |
|---|---|
| Stake | not published |
| Since | not published |
| Kind | company |
| Recorded holdings | 3 |
| Origin | CN |
| Name in Chinese | 山东重工集团 “shahn-DOONG JONG-gong jee-TWAN” |
| Top of the chain | Shandong Provincial SASAC |
The chain, step by step
Shandong Provincial SASAC controls Shandong Heavy Industry Group.
Shandong Heavy Industry Group is a provincial state enterprise supervised by the Shandong state-asset commission. We did not find a published percentage.
| Holder | Holds | Kind | Stake | Since |
|---|---|---|---|---|
| Shandong Provincial SASAC | Shandong Heavy Industry Group | controls | controls | not published |
What Shandong Heavy Industry Group holds
Every current holding recorded from Shandong Heavy Industry Group downward: outright ownership, minority stakes, joint ventures and licences, each with the stake as the source states it and the date it began. A joint venture's percentage is a share of that venture, not of the partner.
| Holding | What it is | Share | Since | What the source says |
|---|---|---|---|---|
| Sinotruk | owns | 45% | October 2019 | Jinan's state-asset commission transferred 45% of China National Heavy Duty Truck Group to Shandong Heavy Industry Group for nil consideration, and Shandong State-owned Assets Investment delegated the voting rights on a further 20%, giving Shandong Heavy Industry 65% of the votes and control. |
| Weichai Power | owns | 16.83% | not published | Held through Weichai Holding Group, which is listed as holding 16.83% of Weichai Power. Shandong Heavy Industry is Weichai Power's controlling shareholder despite the modest percentage, because the rest is widely held across two exchanges. |
| Zhongtong | controls | controls | August 2018 | Shandong Heavy Industry Group acquired Zhongtong's former parent, Shandong Communications Industry Group, in August 2018, making the Liaocheng bus maker a subsidiary. No percentage was published in the sources we read. |
Related
Sources for Shandong Heavy Industry Group
- Wikipedia, Shandong Heavy Industry. Read .
- CMB International Capital, Sinotruk (Hong Kong) (3808 HK) - SHIG to officially control Sinotruk after the equity transfer. Read .