0500 on Hong Kong Stock Exchange

Frontier Services Group

Chinese state-owned security, logistics, insurance company

Frontier Services Group (FSG) is a Chinese partially state-owned Africa-focused security, aviation, and logistics company founded and led until April 2021 by Erik Prince, the former head of Blackwater Worldwide. Prince has described FSG's main corporate mission as helping Chinese businesses to work safely in Africa.2 From Wikipedia, CC BY-SA 4.0

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Last updated Oct 16, 2026.

Overview

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  • Ticker0500 on Hong Kong Stock Exchange1
  • Industryinsurance, logistics, security1
  • Websitewww.fsgroup.com

Frontier Services Group (FSG) is a Chinese partially state-owned Africa-focused security, aviation, and logistics company founded and led until April 2021 by Erik Prince, the former head of Blackwater Worldwide. Prince has described FSG's main corporate mission as helping Chinese businesses to work safely in Africa. The company operates logistical projects for shipping routes in Africa, and also conducts high-risk evacuations from conflict zones. FSG's area of service has since expanded to the Belt and Road areas of Africa, Central Asia, and Southeast Asia.2

How it started

History

FSG was initially a Bermuda-registered electronics company called "DVN Holdings Limited". DVN was renamed to FSG in January 2014 to reflect its change in direction.

In May 2014, it was reported that Prince's plan to build a diesel refinery in South Sudan, in which $10 million had already been invested, was suspended. The halted refinery project was reported to be supported personally by the country's president, Salva Kiir Mayardit. Frontier Services Group was reported to be paid $23.3 million by South Sudan's Ministry of Petroleum to transport supplies and perform maintenance on oil production facilities.

As part of Prince's Africa-focused investment strategy, Frontier Services Group purchased stakes in two Kenyan aviation companies, Kijipwa Aviation and Phoenix Aviation, to provide logistics services for the country's oil and gas industry. In October 2014, the Kenya Civil Aviation Authority denied Kijipwa Aviation an aviation license renewal.

Prince also purchased a 25% stake in Austrian aviation company Airborne Technologies. In 2014, Prince commissioned the company to modify Thrush 510G crop-dusters with surveillance equipment, machine guns, armor, and other weapons, including custom pylons that could mount either NATO or Russian ballistics. One of the modified crop-dusters was delivered to Salva Kiir Mayardit's forces in South Sudan shortly before a contract with Frontier Services Group was cancelled. Frontier Services Group owns two of the modified Thrush 510Gs, but since executives learned the craft had been weaponized by Prince, the company has declined to sell or use the aircraft to avoid violating U.S. export controls.

In December 2016, FSG announced its plans to set up a “forward operating base” in Yunnan to provide logistics and unarmed security training services to facilitate One Belt, One Road-related projects in Southeast Asia.

From Wikipedia’s article on Frontier Services Group, shared under CC BY-SA 4.0.2

Leadership

Who has led Frontier Services Group, and when. Pick a name to see everywhere that person has worked.

Timeline

  1. Jul 29, 1988Went public Listed on Hong Kong Stock Exchange1

Sources

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