China Sonangol
| China Sonangol International Holding Ltd.
|
|
|---|---|
 |
|
| legal form | Corporation |
| ISIN | BMG6390D1092 |
| founding | 2004 |
| Seat |
Hong Kong , People's Republic of China
|
| management | Lo Fong Hung , Fung Yuen Kwan , Manuel Domingos Vicente |
| Branch | Oil, gas, minerals |
| Website | www.chinasonangol.com |
China Sonangol International Holding Ltd. (formerly China Sonangol Resources Enterprises Ltd. ) is an Angolan - Chinese joint venture undertakings, and an investment - Holding , officially registered in Bermuda but with headquarters in Hong Kong .
China-Angola strategic alliance
Ascent Goal Investments Ltd., a subsidiary of China Sonangol International Limited, holds over 70 percent of the shares. The aforementioned companies are suspected of being undercover state -owned companies investing in the People's Republic of China because “ key people have ties to Chinese state-owned companies and government agencies. ”The US-China Economic & Security Review Commission published a report in July 2009 that these companies form part of the“ 88 Queensway Group, ”named after the Hong Kong address for the headquarters of most of its subsidiaries. It is suspected by the US government of being nothing more than an umbrella company for intelligence activities in the People's Republic of China.
There is currently only suspicion that the China Sonangol Resources Enterprise is predominantly owned by the People's Republic of China. On the other hand, the fact that the chairwoman Lo Fong Hung is also the director of Sonangol Sinopec International Ltd. speaks for the suspicion of significant state influence. (a joint venture between the state-owned oil companies Sinopec of China and the Sonangol Group of Angola) and the China International Fund Ltd. is.
The company specializes in tracking the development and exploitation of naturally occurring mineral resources, especially important metals. Lo Fong Hung has been the chairman and managing director since March 2011.
China Sonangol Resources Enterprise is listed on the Hong Kong Stock Exchange . The net present value of the company is Hong Kong dollars 995 million . The Angolan state oil company Sonangol has a stake in this holding company.
The main activities of the company and its subsidiaries are marketing and sales of watches and other office products as well as the provision of management services in connection with the oil trading and mining , sales and distribution of coal . On July 3, 2009, the Company completed the acquisition of a 51% stake in mining-based Star Fortune International Investment Co. Ltd. The company sells and distributes coal in the People's Republic of China .
In the meantime, China Sonangol Resources Enterprises Ltd. renamed Nan Nan Resources Enterprise Limited .
Individual evidence
- ↑ International Securities Identification Numbers Organization accessed February 5, 2012 (en)
- ↑ Haaretz.com: USA draws connections between Israeli billionaire and China's secret service January 28, 2010 (English)
- ^ US-China Economic & Security Review Commission, The 88 Queensway Group: A Case Study in Chinese Investors' Operations in Angola and Beyond, by Lee Levkowitz, Marta McLellan Ross, and JR Warner, July 10, 2009, especially pp. 28ff. PDF ( Memento of the original from December 5, 2010 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. (English); Alex Vines / Lillian Wong / Markus Weimer / Indira Campos: Sede de Petróleo Africano Petrolíferas Nacionais Asiáticas na Nigéria e em Angola ( page no longer available , search in web archives ) Info: The link was automatically marked as defective. Please check the link according to the instructions and then remove this notice. , Chatham House report from January 2011 (English, Portuguese).
- ↑ AfDevInfo profile Lo Fong Hung March 26, 2011 (English)
- ↑ Short biography on Reuters March 26, 2011 (English)
- ↑ Company profile at HKEX (English)
- ↑ Africa Confidential: Sonangol goes international July 10, 2009 (English)
- ↑ Change of Company Name, Stock Short Name and Website 4traders.com, accessed April 10, 2011 (en)
- ↑ [1] ( Page no longer available , search in web archives ) Info: The link was automatically marked as defective. Please check the link according to the instructions and then remove this notice. Bloomberg Business Week, September 2011 (en)
swell
- International Resources Enterprise Ltd website (English / Chinese)
- Annual report 2010