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China Energine International (Holdings) Limited ("China Energine"), formerly known as CASIL Telecommunications Holdings Limited ("Castel"), is a non wholly-owned subsidiary of China Academy of Launch Vehicle Technology ("CALT"). The company was incorporated in Cayman Islands in May 1997 and was listed on the Hong Kong Stock Exchange (stock code: 1185) in August 1997.
In July 2005, CALT successfully acquired the controlling shareholding of Castel. In October 2007, CALT reorganized the listed company’s assets and increased its businesses of new energy, new material application, and environmental conservation, as encouraged and supported by state policies. China Energine became a listed company that diversified in wind power industry in terms of R&D and manufacture of wind turbine and exploitation of wind farms, energy conservation industry in terms of by rare-earth motors application, and environmental conservation industry in terms of automotive engine management system.
As the cradle of China’s launch vehicles and the largest R&D and production entity for launch vehicles in China, CALT, while fulfilling the tasks of developing and producing launch vehicles, is actively engaged in capital operation, making full use of the capital market mechanism in Hong Kong and expands China Energine’s business scopes, laying a solid foundation for the rapid and sound development of China Energine. |
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