BEIJING, Dec. 14, 2017 /PRNewswire/ -- On Dec 13th 2017, Bohai Capital (000415.SZ) announced that all 11 Directors of HNA Group, including Mr. Chen Feng and Mr. Wang Jian, and the executive team of HNA Capital, the controlling shareholder of Bohai Capital, and Bohai itself intend to increase their shareholdings in Bohai Capital by a total 86.7 million RMB, through the secondary market over the next three months.
The decision to invest personally in Bohai Capital reflects the confidence of HNA, its Board and management team in the performance of and prospects for the Company. In the first nine months of 2017, Bohai Capital delivered 58% year-on-year growth in net income.
Bohai Capital is a leading global leasing company listed on the Shenzhen Stock Exchange (SLE: 000415) and is CSI 300 index company. Bohai Capital owns a portfolio of market leading transportation and infrastructure asset leasing companies principally focused on aircraft and container leasing. Bohai is the only listed leasing company on the Chinese A-Share stock market and is the only fully licensed leasing operator in Mainland China.
Bohai's principal subsidiaries are Avolon, the world's third largest aircraft leasing company and Seaco, the world's second largest container leasing company. Bohai's domestic leasing business is conducted through Tianjin Bohai, Wanjiang Financial Leasing and Hengqin International leasing.
Bohai Capital also owns a range of market leading businesses that provide customers with a full range of financial services in the insurance, securities and internet financing sectors.
Through its two flagship assets, Avolon and Seaco, Bohai Capital has scale and diversification with one of the youngest owned fleets in both aircraft and container leasing as well as strong, long-term contracted cash flows in both businesses.
Bohai has a diversified capital structure with the significant majority of its capital and assets denominated in US Dollars and in international markets.
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