Teamway International Group
Teamway International Group is a Cayman-incorporated holding company with operations and investments spanning packaging, professional services, property investment, and corporate transactions.
Last updated October 14, 2026
AI crawler reads
No AI crawler has read this profile since Oct 28, 2026.
Overview
Teamway International Group Holdings Limited is a Cayman-incorporated holding company based in Hong Kong with business interests in mainland China. The company was incorporated on 4 January 2011 and was registered in Hong Kong as a non-Hong Kong company later that year. It originally operated under the name Jin Bao Bao Holdings Limited, a name associated with its packaging business, before adopting the Teamway International Group name in 2017. The group's principal activities have included the design, manufacture, and sale of packaging products and structural components in the People's Republic of China. It has also provided corporate secretarial, consultancy, and business valuation services, and has engaged in property investment. This combination of manufacturing, professional services, and investment activities reflects the company's development from a packaging-focused enterprise into a diversified listed holding group. The company completed its initial public offering on the Stock Exchange of Hong Kong in 2011. Shortly after listing, it attracted attention because of the concentration of its shareholder base: in December 2011, 15 shareholders reportedly controlled 96.11% of the issued shares. The company subsequently took steps intended to broaden its shareholding structure. Its equity ownership later changed repeatedly through private transactions, open-market dealings, and new or reorganized investment vehicles. Teamway became particularly visible in Hong Kong financial reporting during 2016 and 2017. In June 2016, Huang Youlong acquired a substantial stake, later reported at 20.59% of the company's share capital. Huang and his wife, actress Zhao Wei, were associated with several other listed companies and investment interests. Huang sold his entire reported holding in July 2017, with Cao Longbing, through Bright State Investment, acquiring the same number of shares. The ownership changes occurred against a backdrop of substantial trading activity and scrutiny of the company's share-price movements. In February 2017, the share price reportedly rose by 52% within approximately two hours. The China Securities Regulatory Commission later banned Huang Youlong and Zhao Wei from entering the mainland securities market in connection with a separate market-manipulation case involving Sunriver Culture; this regulatory action was not itself described as a finding that Teamway had committed market manipulation. The group also attempted to reshape its business portfolio. After acquiring corporate secretarial, consultancy, and business valuation operations in November 2016, it sought in April 2017 to dispose of its main packaging business. That proposed transaction did not proceed. In May 2017, the company became an indirect shareholder in Singapore-listed Cityneon through the Lucrum 1 Investment consortium, in which Jin Bao Bao held an 8.5% interest. Teamway later signed a memorandum of understanding in November 2017 to acquire the controlling interest in Lucrum 1 Investment from Massive Right Investments, but the proposed transaction collapsed in February 2018. In August 2017, through its subsidiary Great Earn International, Teamway lent US$8.3 million, approximately HK$65 million at the time, to Rossoneri Sport Investment, an investment vehicle connected with the ownership structure of Italian football club A.C. Milan. The transaction involved security over shares in a related holding company. The structure was questioned publicly by Hong Kong market commentator David Webb, who raised concerns about the position of the pledged asset and whether Teamway would ultimately control the football-club investment or rank senior in repayment if the borrower defaulted. The proposed name change from Jin Bao Bao Holdings Limited to Teamway International Group Holdings Limited was announced in July 2017 and took effect in October of that year. The available reference material does not establish a detailed current operating profile, a current controlling shareholder, or a definitive corporate website. Teamway is therefore best understood as a diversified listed holding company whose documented activities have included packaging manufacturing, business services, property investment, and opportunistic investments and financing transactions.
History
Teamway International Group Holdings Limited was incorporated in the Cayman Islands on 4 January 2011 and established its principal base in Hong Kong. It was registered in the Hong Kong Companies Registry as a non-Hong Kong company in 2011. The company initially operated as Jin Bao Bao Holdings Limited and was associated primarily with a packaging business serving mainland China. The company listed on the Stock Exchange of Hong Kong in 2011. Soon after its initial public offering, its ownership structure became notable for its concentration: 15 shareholders reportedly held 96.11% of the shares in December 2011. The company subsequently widened its share capital in an effort to address the narrow shareholder base. During the middle of the decade, ownership changed through a series of transactions involving investment vehicles and individual investors. Liu Liangjian had previously held a major interest through Trend Rich Enterprises. In 2015 and 2016, substantial blocks were transferred to other investors, including Liu Yang's Riverwood China Growth Fund and Ling Zheng. Huang Youlong later acquired a large position from Trend Rich Enterprises in June 2016. By June 2017, Huang was reported to hold approximately 19.03% of the company, while Riverwood China Growth Fund and Ling Zheng were also substantial shareholders. Huang sold his entire reported holding on 7 July 2017, and Cao Longbing, through Bright State Investment, acquired the same number of shares. The company's market profile intensified in February 2017, when its share price reportedly rose by 52% in approximately two hours. Reports also connected Huang Youlong and Zhao Wei with several other listed companies. In November 2017, the China Securities Regulatory Commission barred the couple from entering the mainland securities market in relation to market manipulation involving Sunriver Culture. The available material treats that regulatory action as a separate matter and does not identify a corresponding Teamway enforcement finding. Teamway also pursued a strategic shift beyond packaging. In November 2016 it acquired businesses providing corporate secretarial, consultancy, and business valuation services. In April 2017 it attempted to sell its principal packaging operation, but the proposed disposal failed. The diversification effort continued through investment transactions. In May 2017, the company became an indirect shareholder in Singapore-listed Cityneon through the Lucrum 1 Investment consortium, holding 8.5% of that consortium. In November it signed a memorandum of understanding to buy an additional 76% of Lucrum 1 from Massive Right Investments. That proposed acquisition collapsed in February 2018. Another prominent transaction involved financing rather than equity acquisition. On 28 August 2017, Teamway subsidiary Great Earn International lent US$8.3 million, approximately HK$65 million, to Rossoneri Sport Investment, an investment vehicle linked indirectly to Italian football club A.C. Milan. Teamway said that shares in Rossoneri Advance, a parent company of Rossoneri Sport Investment, were pledged as security. David Webb publicly questioned the structure, noting the existence of an intermediate Luxembourg holding company and expressing doubt about Teamway's ultimate control and repayment priority if the borrower defaulted. The company's renaming was proposed in July 2017 and became effective in October, changing the legal identity from Jin Bao Bao Holdings Limited to Teamway International Group Holdings Limited. The documented business scope has comprised packaging design, manufacturing and sales; corporate secretarial, consultancy and valuation services; property investment; and selected investments and lending transactions. The available reference material does not provide a reliable current list of executives, controlling shareholders, financial results, or an official corporate website.
- 2018
Lucrum 1 acquisition proposal collapses
[1]The proposed acquisition of an additional 76% interest in Lucrum 1 Investment was reported to have collapsed in February.
- 2017
Sharp intraday share-price movement
[1]The company's share price reportedly increased by 52% within two hours in February.
- 2017
Packaging-business disposal attempt collapses
[1]The company attempted to sell its principal packaging business, but the proposed transaction did not complete.
- 2017
Investment in Lucrum 1 and Cityneon
[1]Teamway became an indirect shareholder of Singapore-listed Cityneon through the Lucrum 1 Investment consortium, holding 8.5% of the consortium.
- 2017
A.C. Milan-related financing
[1]Great Earn International lent US$8.3 million to Rossoneri Sport Investment on 28 August.
- 2017
Corporate name changed to Teamway
[1]The proposed renaming from Jin Bao Bao Holdings Limited to Teamway International Group Holdings Limited became effective in October.
- 2016
Professional-services businesses acquired
[1]The group acquired operations providing corporate secretarial, consultancy, and business valuation services.
- 2016
Huang Youlong acquires substantial shareholding
[1]Huang Youlong acquired a substantial interest that was later reported as approximately 20.59% of the company's share capital at the relevant time.
- 2011
Cayman incorporation and Hong Kong registration
[1]The holding company was incorporated in the Cayman Islands on 4 January 2011 and registered in Hong Kong as a non-Hong Kong company later that year.
- 2011
Initial public offering in Hong Kong
[1]The company completed its initial public offering on the Stock Exchange of Hong Kong under its former Jin Bao Bao name.
Products and positioning
A diversified Hong Kong-listed holding group combining mainland Chinese packaging manufacturing with professional services and investment activities.
Packaging manufacturing
Packaging products
The group's original and historically central business involved designing, manufacturing, and selling packaging products in mainland China. The available source describes packaging as including products and related structural components, but does not provide a detailed catalogue of materials, end markets, or named product ranges.
Industrial components
Structural components
Teamway's stated business scope included the design, manufacture, and sale of structural components in the People's Republic of China. The reference material does not specify the industries served or identify individual component products.
Professional services · 2016
Corporate secretarial services
The company added corporate secretarial services to its portfolio in connection with its 2016 acquisition of professional-services operations. These services formed part of the group's move toward a broader holding-company and business-services model.
Professional services · 2016
Consultancy services
Consultancy was one of the professional-services activities identified in Teamway's corporate business scope after its 2016 acquisition. The available material does not define the precise sectors, client groups, or geographic coverage of the consultancy practice.
Advisory services · 2016
Business valuation services
Business valuation services were added alongside corporate secretarial and consultancy activities. The source does not identify specific valuation methodologies or named assignments, but places the activity within the group's professional-services portfolio.
Property investment
Property investment
Property investment has been identified as one of Teamway's principal activities. The available reference does not specify the properties held, investment locations, asset classes, or current scale of this activity.
Controversies
2017
Regulatory action involving major shareholder connected to separate market-manipulation case
Huang Youlong and Zhao Wei were banned by the China Securities Regulatory Commission from entering the mainland securities market in November 2017 in connection with market manipulation involving Sunriver Culture. The available material does not identify Teamway itself as the subject of that enforcement action.
Brand decisions
2017
Attempted disposal of packaging businessStrategyBackground
After adding corporate secretarial, consultancy, and business valuation services in 2016, the group sought to change its business mix and reduce or dispose of its traditional packaging operations.
Action taken
Teamway attempted to sell its main packaging business in April 2017.
Aftermath
The proposed disposal collapsed and the reference does not report a completed sale.
2017
Proposed acquisition of controlling interest in Lucrum 1 InvestmentM&ABackground
Teamway had become an indirect shareholder of Cityneon through the Lucrum 1 Investment consortium and sought to increase its influence over that investment structure.
Action taken
In November 2017, the company signed a memorandum of understanding to acquire an additional 76% of Lucrum 1 Investment from Massive Right Investments.
Aftermath
The proposed transaction collapsed in February 2018.
2017
Loan to Rossoneri Sport InvestmentOtherBackground
Teamway used subsidiary Great Earn International to participate in financing connected with Rossoneri Sport Investment, an indirect parent vehicle associated with A.C. Milan.
Action taken
On 28 August 2017, Great Earn International lent US$8.3 million, approximately HK$65 million, to Rossoneri Sport Investment. Teamway said that shares in Rossoneri Advance were pledged as security.
Aftermath
David Webb questioned whether the pledged structure would give Teamway ultimate control of the football-club investment or senior repayment priority if the borrower defaulted.
Loan principal. US$8.3 million; approximately HK$65 million (28 August 2017)
2017
Corporate renamingOtherBackground
The former Jin Bao Bao identity was increasingly inconsistent with the group's diversified packaging, professional-services, and investment activities.
Action taken
The company proposed changing its name to Teamway International Group Holdings Limited in July 2017.
Aftermath
The name change became effective in October 2017.
Sources1 sources
Cite this profile: Cite the canonical profile. /brand-wiki/teamway-international-group · Editorial policy · How profiles are compiled