I think Jiao Xuding is preparing/planning to have his company (Copower Enterprise) listed on one of the Hong Kong exchanges. I recall seeing some Copower job postings in 2011, looking for accounting/governance related people who have experience with Hong Kong listings/IPOs.
In the last couple of months the Copower Enterprise website has been undergoing updating. It appears that Jiao Xuding's company is a much larger enterprise now and is rapidly diversifying its scope of business, including significant investments and operational activity in the areas of media, real estate, solar energy, etc.
I think what Xuding may be planning is an IPO of the parent company (Copower Enterprise Group), and then in about 3 years or so the oil exploration/production subsidiary (Copower Petroleum) may be spun off into a separate IPO/listing. A month or two after I made the above post I noticed that a September 2011 PDF file about Copower Enterprise started showing up in scans.
This PDF file provides an interesting look at the organizational structure of the company. Via loans/investments in the financial services segment of the business, Jiao Xuding and Copower Enterprise probably have some pretty nice exposure/relationships with many small-to-mid size privately-held businesses in China.
On page 13 it is mentioned that the Copower Petroleum subsidiary may seek an offshore listing......
Under the guidance of 5-year strategy, Copower Petroleum is
set out to become one of the largest non state-owned upstream
E&P company in China, achieving annual turnover of 2 billion
RMB, net profit 400 million RMB, and offshore listing with
three years.
http://www.arthurschulten.com/bk/box/General%20Introduction-Public.pdf
Copower Enterprise Group website......
http://www.copower.com.hk/web/index.php
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