Founder BEA Trust Co., Ltd. is a Chinese trust company, formerly known as Wuhan International Trust and Investment Corporation (WITIC; ).[1] 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, for 10% stake.[2] However, in 2016 Wuhan Financial Holdings Group acquired 57.51% stake from Founder Group.[3] An additional 12.5% stake sold by Founder Group to their associate company China Hi-Tech Group (sse: 600730) was still pending the approval from China Banking Regulatory Commission, according to the third quarterly report of China Hi-Tech Group in 2016.
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WITIC survived the crash of Guangdong International Trust and Investment Corp. (GITIC) in 1998 [4]