Founder BEA Trust
Founder BEA Trust Co., Ltd. is a Chinese trust company, formerly known as Wuhan International Trust and Investment Corporation. Founder BEA Trust was a subsidiary of Founder Group for 70.01% stake, with Bank of East Asia owned 19.99%. The third largest shareholder was Wuhan Financial Holdings Group, a company owned by Wuhan Municipal People's Government, for 10% stake. However, in 2016 Wuhan Financial Holdings Group acquired 57.51% stake from Founder Group. An additional 12.5% stake sold by Founder Group to their associate company China Hi-Tech Group was still pending the approval from China Banking Regulatory Commission, according to the third quarterly report of China Hi-Tech Group in 2016.Location
WITIC survived the crash of Guangdong International Trust and Investment Corp. in 1998
