PAIHO
en_company

Company

Contact

NO. 18, HEXIN RD.

XISHAN  ZONE,

WUXI CITY, CHINA  

TEL: +86-510-88261688

FAX: +86-510-88261678

E-mail : service@paiho.cn

 

Position: Home > Company > History
History

Year                                                                      Major      Events
2001

Wuxi Paiho Textile Limited was established to serve customers in central China.

Wuxi Paiho Textile Limited Limited obtained the right of use of 155,454 square meters land to build the plant.

2002

To spread and comply with the market demand, Wuxi Paiho set up the branch in Quanzhou, responsible for the business in Fujian area.

2003 Wuxi Paiho was awarded “ Excellent Foreign Invested Company”by the government of Xishan District.
2004

Wuxi Paiho was awarded  “Top Ten Foreign Invested Company of 2003” by the government of Xishan Distric.

2005

Wuxi Paiho Textiles Co., Ltd. obtained the right of use of 36,345 square meters land to comply with the future development in business. Dongguan Paihong Corporation Limited was established to serve customers in Pearl River Delta.

2006

Wuxi Paiho Textiles Co., Ltd. acquired certificates of ISO 9001 and ISO 14001.
Wuxi Paiho was awarded  “Top Ten Foreign Invested Company of 2005”by the government of Xishan Distric.
Wuxi Paiho obtained “High-tech Product Certificate” by Jiangsu Province Department of Science and Technology.

2007

Wuxi Paiho was awarded  “Top Ten Foreign Invested Company of 2006”by the government of Xishan Distric.

Wuxi Paiho established Pai Lon International Trading Limited in BVI, responsible for import and export business.

Wuxi Paiho set up branch in Dongguan, responsible for the business in Pearl River Delta.

Wuxi Paiho obtained 75% shareholding of Dongguan Paihong Corporation Limited.

Paiho Shih Holdings Corporation was established in British Cayman islands. 

Paiho Shih Holdings Corporation set up Hong Kong Anda Limited.

Wuxi Paiho conduct a capital increase by cash and brought in external shareholders,resolutions in shareholder's

meeting has restructuring the company as limited company,capital share of RMB 300,000 thousand.

Hong Kong Anda Limited obtained 89.3% shareholding of Wuxi Paiho Textiles Co., Ltd..

2008

Dongguan Paihong Corporation Limited obtained the right of use of 80,316 square meters land to build the plant.

2009

Paiho Shih Holdings Corporation increased capital and invested Hong Kong Anda Limited. Then, Hong Kong Anda acquired 25% shareholdings of Dongguan Paihong Corporation.

The company increased capital and reinvested Hong Kong Anda Limited. Hong Kong Anda then

purchased 3.91%  shareholdings of Wuxi Paiho Textiles Co.,Ltd  from minority shareholders. 

Therefore  Hong Kong Anda held 93.2% shareholdings of  Wuxi  Paiho Textiles Co.,Ltd.

2010

Paiho Shih Holdings Corporation  recapitalization of retained earings on U.S. Dollars  8.5 million,

after that  the paid-in capital was U.S. Dollars  56 million. In May, the resolution  of  shareholder's

meeting approved each denomination changed from one U.S.Dollar  to 10 New Taiwan Dollar.

After converting, the paid-up share capital was NT.1,764,229  thousand.

Wuxi Paiho obtained“ High-tech Product Certificate”by Jiangsu Province Department of Science and Technology.

Wuxi Paiho also obtained A class management certificate by China Customs.

2011

Paiho Shih was officially listed on May 18, 2011 in TWSE.

The company increased capital by cash and issued 22,060,000 shares of common stock, NTD 10 per value, totally NTD 220,600,000. After the capital increase, the paid-up capital was NTD 1,984,829,310.

The company repurchased its stock and canceled 6,000,000 shares totally. After the capital reduction, actual numbers of outstanding shares were 192,482,931 and actual paid-up capital was NTD 1,924,829,310.

The company issued the common stock at 19,848,293 shares by capitalized retained earing, NTD 10 per share, total amount of NTD 198,482,930. After this capital increase, the company paid-up shares became NTD 2,123,312,240.

For the better future development, the company took over Pailon Trading Co., Ltd. (BVI) 100% of equity which was original owned by Wuxi Paiho Textiles Co., Ltd.

Wuxi Paiho Textiles Co., Ltd. won the certificate of “Fire Retardant Hook and Loop Engineering Center”by The Science and Technology Bureau of Wuxi City, Jiangsu Province.

Both of Wuxi Paiho Textiles Co., Ltd. and Dongguan Paihong Corporation Ltd. were authorized of “Oeko-Tex Certificate”by Testex AG, Swiss Textile Testing Institute.

Dongguan Paihong Corporation Ltd. received the certificate of “Material Supplier Lab”by Adidas Group.

Dongguan Paihong Corporation Ltd. received the certificate of “Superior Supplier of Quality Management System”by Mizuno.

2012

Wuxi Paiho Textiles Co., Limited, 93% of the company's indirect holding company, invested and set up a new company "SHANGHAI PAIHO COMMERCIAL TRADING CO., LTD".

Wuxi Finance Bureau and Wuxi Municipal Development and Reform Commission recognized Wuxi Paiho Textiles Co., Ltd. as integrated corporate headquarters 2012.

By converting retained earnings into capital, the company issued 16,986,498 shares of $10 per value common stock at total amount of NT$169,864,980. After the capital increase, paid-in capital was NT$2,293,177,220.

2013

Wuxi Paiho Textiles Co., Limited, 93% of the company's indirect holding company, invested and set up a new company "WUXI PAIHONG LTD". Its registered capital was RMB180,000,000.  In response to the needs of company's future development, "WUXI PAIHONG LTD" obtained the usage right of 54,788 square meters of land in Wuxi city, Jiangsu province via open bidding.

Wuxi Paiho Textiles Co.,Ltd, was awarded 'Advanced Employmemt Enterprise'' by the goverrment of Wuxi City.

Wuxi Paiho Textiles Co.,Ltd was awarded certificatation of ''Prominent Trademark of Wuxi City'' by the Wuxi Municipal Bureau of Commerce.

Dongguan Paihong Corporation Ltd. received the certificate of "Material Supplier Lab" by NIKE and Adidas Group.

Dongguan Paihong Corporation Ltd. acquired certificates of ISO 9001 and ISO 14001.
The Company repurchased shares of common stock for cancellation, totally 6,000,000 outstanding shares. After the capital reduction, actual number of shares in issue was 223,317,722 and paid-in capital was NT$ 2,233,177,220.

2014

Wuxi Paiho Textiles Co.,Ltd was awarded ''AAA Trustworthy Enterprise of Wuxi City'' by the People's Goverment of Wuxi Ciry.

Wuxi Paiho Textiles Co.,Ltd transferred the 100% hold equality of Shanghai Paiho Commercial Trading Co., Ltd to non-relational party.

2015

For business development, Dongguan Paihong Corporation Ltd. increased capital by cash of USD 6,500,000. After Capital increase, paid-up capital was USD 52,500,000.

Dongguan Paihong  obtained“ High-tech Product Certificate”by Guangdong Province Department of Science and Technology.

2016

Dongguan Paihong Corporation Ltd was awarded ''The Model Enterprise of Talented  People Exchange''

by  Humen Port  Management Committee of the People's Goverment of Shatian Town of

Guangdong Province.

Wuxi Paiho Textiles Co.,Ltd and Dongguan Paihong Corporation Ltd was awarded ''China Water

Footprint  Evaluation Certification'' ,'' Product Carbon Footprint Certification'' and

''Certification of Carbon Neutralization'' by   China Quality Certification Centre.