Who owns Zhongtong? The ownership chain, Shandong Heavy Industry Group's stake and the 2018 deal
Facts checked Chinese holding 100%
Zhongtong is Chinese. The Liaocheng bus maker in Shandong builds coaches and electric city buses and is listed on the Shenzhen exchange.
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.
The short answer
| Controlled by | Shandong Heavy Industry Group |
|---|---|
| Stake | not published |
| Since | August 2018 |
| Kind | brand |
| Origin | CN |
| Name in Chinese | 中通 “jong-TONG” |
| Top of the chain | Shandong Provincial SASAC |
| Is it Chinese? | Yes |
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.
Shandong Heavy Industry Group controls Zhongtong since 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.
| Holder | Holds | Kind | Stake | Since |
|---|---|---|---|---|
| Shandong Provincial SASAC | Shandong Heavy Industry Group | controls | controls | not published |
| Shandong Heavy Industry Group | Zhongtong | controls | controls | August 2018 |
Zhongtong: questions people ask
- Who owns Zhongtong Bus?
- Shandong Heavy Industry Group, which acquired its former parent Shandong Communications Industry Group in August 2018. The bus maker remains listed in Shenzhen under code 000957.
- Is Zhongtong related to Yutong?
- No. The names look similar in English because both end in 通, but they are separate companies: Zhongtong is in Liaocheng, Shandong, and state-owned; Yutong is in Zhengzhou, Henan, and privately controlled.
- Does Zhongtong make electric buses?
- Yes. The company says more than 100,000 of the buses it has delivered are new-energy vehicles.
Related
Sources for Zhongtong
- Zhongtong Bus Holding Co., Ltd., About Zhongtong. Read .
- Wikipedia, Zhongtong Bus. Read .
- Wikipedia, List of automobile manufacturers of China. Read . Chinese bus manufacturers.
- Wikipedia, Shandong Heavy Industry. Read .