China Overseas Ports Holding Company (COPHC-Pakistan), based in Pakistan. The company that builds the port of Gwadar, the center of the CPEC and a key node in China’s OBOR, is still unknown. On the website (cophcgwadar.com) COPHC-Pakistan has registered as “A subsidiary of COPHC. an emerging and fast-growing Hong Kong company.” Here’s what the company has to say about its core profile, background and management.
Exchange Commission of Pakistan (SECP)
Documents about COPHC-Pakistan A filings with the Securities. and Exchange Commission of Pakistan (SECP) show. that for all 10 million shares – save for three shares – one share per three directors – of China Overseas Port Holding Company Ltd. in Hong Kong. COPHC-Pakistan does not submit annual paperwork for FY17. and has not submitted annual accounts to the SECP in the years since. its inception in Pakistan in October 2014 under Pakistani law. Companies with capital of INR 10 crore and above required to submit their annual accounts to the SECP.
Agreement with COPHC
SECP which recently entered into an agreement with COPHC. Pakistan To establish a facility office at the port of Gwadar. notified COPHC-Pakistan (as of 9 February 2017) of the reason for not submitting an annual notice. Accounts and other update documents, but this is a small matter. True story about the origin and history of the company. The parent company address stated in the Annual Report (2016 Form A) sent to SECP. COPHC-Pakistan as: Room D, 3/F Thomson Commercial Building, 8-10 Thomson Road, Wanchai, Hong Kong. BR Research received documents from Hong Kong government and confirm this address. leaving the room with “Emerging and fast growing companies. is a red flag, often referring to classic paper companies. Especially if the room shared by at least four different companies. One of them revealed in a Panamanian news leak.
COPHC-Hong Kong
Four companies registered in Hong Kong in the same room. as the parent company of COPHC-Pakistan. As another confirmation, BR Research randomly selected two companies (Acota and Dynasty). and documents purchased from the Hong Kong government – and both companies did. as COPHC-Hong Kong. It is possible that COHPC-Hong Kong is a tool for Chinese groups involved in port operations. port development, Port Finance and such other businesses. but in this case in connection with the port delivery to COPHC. and which is inspecting the port Must identify and disclose the details of the joint venture. They eventually became the pillars of the CPEC.
Pakistan Stock Exchange
it’s not uncommon for partners to share details: a strategic stock sale on the Pakistan Stock Exchange is the latest example. BR Research finds danger signs Therefore. several stakeholders contacted to inquire about the history of the parent company. and its senior executives. until the concession agreement COPHC-Pakistan signed in 2013. Most stakeholders, from the planning board. to the signatories say the company is a Chinese state-owned company. But when you want to prove Instead. they said they didn’t, and there was only an “assumation” that COPHC was a government company.
Economic Intelligence Unit
BR Research has sent letters/emails and phone calls to both staff of BR Research. COPCH-Pakistan and the Gwadar Port Authority. to investigate the history of COPHC’s parent company in Hong Kong. but it’s been almost a week since no one has officially responded. not yet replied In order to obtain standardized information and generally readily available. Silence is disturbing. China buys ports around the world. The case has attracted the attention of both international media. The Financial Times and Economic Intelligence Unit. as well as international research firms such as Dury Maritime and Shipping Consultants.
China Shipping Merchants
The three Chinese port and terminal buyers most featured in those reports are COSCO. China Shipping and China Merchants. COPHC was not involved in these studies. according to Hong Kong government documents. The company will not be entirely new. I added in August 2012. So much for “up and coming” When Pakistan invited bids to develop Gwadar Port in 2006. major port operators from Dubai Saudi Arabia, China and Singapore bid to win the contract. At the time the bidding committee headed by an experienced. and respected energy professor, Farooq Rahmatullah.
Also read: Gwadar today
