Petalstone Group: Difference between revisions
Jump to navigation
Jump to search
mNo edit summary |
|||
| Line 35: | Line 35: | ||
The Petalstone Group operates as a ''[[sodesteri|sodesterium]]'' (a conglomerate with interlocking businesses in a cross-shareholding relationship) under a dual-structure organization: Listed and Unlisted companies. The listed companies, which are publicly traded, encompass three key subsidiaries: [[Petalstone Electronics]] (AV, IT & communication products, semiconductors, video games, network services and medical business, home appliances, and consumer electronics); [[Petalstone Pictures|Petalstone Pictures Entertainment]] (theatrical motion pictures, television programs, and recorded videos); and [[Petalstone Music|Petalstone Music Entertainment]] (record labels and music publishing). | The Petalstone Group operates as a ''[[sodesteri|sodesterium]]'' (a conglomerate with interlocking businesses in a cross-shareholding relationship) under a dual-structure organization: Listed and Unlisted companies. The listed companies, which are publicly traded, encompass three key subsidiaries: [[Petalstone Electronics]] (AV, IT & communication products, semiconductors, video games, network services and medical business, home appliances, and consumer electronics); [[Petalstone Pictures|Petalstone Pictures Entertainment]] (theatrical motion pictures, television programs, and recorded videos); and [[Petalstone Music|Petalstone Music Entertainment]] (record labels and music publishing). | ||
Unlisted companies are privately-held companies that are loosely affiliated with the parent group. These unlisted entities include Petalstone Heavy Industries (the world's fifth-largest shipbuilder), Petalstone Engineering and Petalstone C&T (the world's 13th and 36th largest construction companies, respectively). Other noteworthy unlisted subsidiaries | Unlisted companies are privately-held companies that are loosely affiliated with the parent group. These unlisted entities include Petalstone Heavy Industries (the world's fifth-largest shipbuilder), Petalstone Engineering and Petalstone C&T (the world's 13th and 36th largest construction companies, respectively). Other noteworthy unlisted subsidiaries include Petalstone Life Insurance (the world's 10th largest life insurance company), Petalstone RT (operator of the [[Certi Resorts|Certi Resort]] luxury hotel chain), and Rosewood-Meranti Worldwide (the world's 7th largest advertising agency). | ||
Between 2002 to 2008, the Venio-Porza Sodesterium gradually acquired a controlling interest in Petalstone. In 2009, the sodesterium announced a $xxx billion bid to secure a 51% stake in the Petalstone Group, thereby gaining majority ownership. The deal was approved on 1 November 2011. | Between 2002 to 2008, the Venio-Porza Sodesterium gradually acquired a controlling interest in Petalstone. In 2009, the sodesterium announced a $xxx billion bid to secure a 51% stake in the Petalstone Group, thereby gaining majority ownership. The deal was approved on 1 November 2011. | ||
| Line 103: | Line 103: | ||
|- | |- | ||
|Petalstone Pictures Entertainment Inc. | |Petalstone Pictures Entertainment Inc. | ||
|Petalstone | |[[Certi Resorts|Petalstone RT]] | ||
|- | |- | ||
|Petalstone Life Insurance Inc. | |Petalstone Life Insurance Inc. | ||