# Elate Holdings
**Wikidata**: [Q10908466](https://www.wikidata.org/wiki/Q10908466)  
**Source**: https://4ort.xyz/entity/elate-holdings

## Summary
Elate Holdings is a public company listed on the Hong Kong Stock Exchange, with its shares trading under the ticker 0076. It is a joint-stock company that offers its securities to the general public, allowing shareholders to be distributed among the public. The company is known by aliases such as Elate Holdings Limited and has a global presence, with its concept recognized in multiple languages and financial resources.

## Key Facts
- A public company listed on the Hong Kong Stock Exchange with the ticker 0076.
- Offers its securities to the general public, allowing ownership by shareholders.
- Known aliases include Elate Holdings Limited, SOUTH SEA PETROLEUM HOLDINGS LIMITED, and translations in Chinese.
- First listed on the Hong Kong Stock Exchange on September 24, 1984.
- Recognized globally, with Wikipedia coverage in Chinese and financial discussions in resources like Investopedia and ScienceDirect.
- Governed by a board of directors elected by shareholders, following the classic corporate structure of separated ownership and control.

## FAQs
**What is Elate Holdings?**
Elate Holdings is a public company listed on the Hong Kong Stock Exchange, offering its securities to the general public. It is a joint-stock company with shares traded under the ticker 0076.

**How is Elate Holdings different from a private company?**
Unlike a private company, Elate Holdings' shares are publicly traded on the Hong Kong Stock Exchange, allowing any member of the public to become a shareholder.

**Who owns Elate Holdings?**
Elate Holdings is owned by its shareholders, which can include individuals, institutional investors, or other entities that have purchased its publicly traded securities.

**What is the ticker symbol for Elate Holdings?**
Elate Holdings trades under the ticker 0076 on the Hong Kong Stock Exchange.

**How did Elate Holdings become a public company?**
Elate Holdings became a public company through its initial public offering (IPO) on September 24, 1984, when it was listed on the Hong Kong Stock Exchange.

## Why It Matters
Elate Holdings plays a critical role in the global economy by facilitating investment and driving economic growth through its public listing. As a public company, it enables large-scale capital formation for business expansion and innovation. The company's adherence to strict regulatory disclosure and reporting standards promotes transparency for investors, ensuring accountability and trust in the financial markets. Additionally, Elate Holdings provides a mechanism for wealth creation and retirement savings for millions of individuals through public stock markets, contributing to financial stability and economic development.

## Notable For
- Being a publicly traded company on the Hong Kong Stock Exchange with the ticker 0076.
- Its initial public offering (IPO) on September 24, 1984, marking its entry into the public market.
- Recognized globally, with Wikipedia coverage in Chinese and financial discussions in resources like Investopedia and ScienceDirect.
- Governed by a board of directors elected by shareholders, following the classic corporate structure of separated ownership and control.

## Body

### Definition and Core Characteristics
Elate Holdings is a public company that offers its securities to the general public, allowing ownership by shareholders. This is in contrast to a private company, which raises funds from a smaller, closed group of investors. The process of becoming a public company for Elate Holdings was its initial public offering (IPO) on September 24, 1984, when it was listed on the Hong Kong Stock Exchange.

### Terminology and Aliases
Elate Holdings is known by several names across different contexts and languages. Common aliases include Elate Holdings Limited, SOUTH SEA PETROLEUM HOLDINGS LIMITED, and translations in Chinese such as 南海石油控股有限公司, 南海石油控股, 南海石油, and 誼礫控股有限公司.

### Classification and Type
Elate Holdings is a specific type of joint-stock company and is considered a distinct legal form of organization. It is a subclass of an "enterprise" and is a public company, meaning its shares are traded on a public market. It is important to distinguish it from a "public enterprise" or "cooperative," which have different ownership structures, often involving government or member-ownership.

### Ownership and Governance
The ownership of Elate Holdings is held by its shareholders. Governance is typically provided by a board of directors elected by the shareholders. This separation of ownership (shareholders) and control (management/board) is a classic feature of the corporate structure, which Elate Holdings follows.

### Global Presence and Recognition
The concept of Elate Holdings is recognized globally, with its presence in Wikipedia editions in Chinese. It is a subject covered in financial resources like Investopedia and academic resources like ScienceDirect under topics such as "economics-econometrics-and-finance/public-company." The company's listing on the Hong Kong Stock Exchange with the ticker 0076 further solidifies its global recognition.

## References

1. [Source](https://www.hkex.com.hk/eng/invest/company/profile_page_e.asp?WidCoID=0076&WidCoAbbName=&Month=&langcode=e)