Concerning the 3.8 billion of equity and debt protection of packaged selling Department of China heard a05ets

Tasteless, be unwilling to cast away. Chinese insurance group (hereinafter referred to as "protection group") finally decided to geqi "Hua smell of" this "chicken ribs". On June 8, protection of the protection group, investment holding company holds a smell of China Investment Holdings Limited (hereinafter referred to as "Hua Wen holdings") 55% per cent of all officially Beijing financial asset exchange, stock price is $ 1.268 billion. Together with the listed, there are wide (Nanning) Investment Co Ltd 54.21% shares listed price of $ 867 million. Two stock right transfer of the listed date is June 8, 2011. Recommended reading insurance weekly: increased warehouse investment over 30,000,000,004 months insurance funded deposits moved near billions of cast even insurance May then case Waterloo income differentiation country life cast even insurance success escape top 5 name foreign executives joined China peace Qian May Beijing insurance intermediary was penalty million history with shares mass insurance holding 20% Qiming: shocks city in the how mining Daniel unit equity, and debt total 3.8 billion yuan protection on by let party of conditions set for, State-owned owned or holding of financial enterprise or has financial enterprise investment management experience of enterprise, at least directly or indirect holds a home non-bank financial enterprise does not below 5% of equity, and recently two a by audit of full fiscal year continuous profit, 2010 by audit of assets total does not below RMB 10 billion yuan, net assets does not below RMB 2 billion yuan. In addition, protection also require that the transferee must be paid in a one-time price, do not accept Consortium, smell a controlling stake in China's companies intent, it is subject to wide (Nanning) investment equity submitted a valid application, otherwise the application is invalid. This also suggests that the smell holding can only be done by a company to China and Canton (Nanning) investment of equity acquisition. Is worth noting that, in addition to the price of equity transfer, transfer smell holdings of China and Canton (Nanning) investment involving specific debt principal and interest and penalty respectively $ 1.436 billion and $, protection requested intention transferee, listed on the project as of a few days ago in money funds of deposit, in the form of this project involves a specific debt principal and interest paid to designated account. Calculation of reporter, concerning the transfer of stakes in two companies prices coupled with a specific debt principal and interest, meant to complete the entire equity the assignee, transferee shall pay total amount close to $ 3.8 billion. An insurance industry pointed out that the transfer conditions so harsh, illustrations of the protection group may have found a potential transferee, "tags should only be a symbolic walk a mere formality. "However, the reporter has not confirmed from the protection. Withdrawal of the last resort? In fact, heard rumours of assets intended for sale to China of the protection group has been a pitch (please refer to the protection of this newspaper on December 7, 2010 the smell holding for sale to China "back control" was forced to shelve). Said people close to the upper echelons of the protection group, for the protection, the group listed as a whole is what is most important in the development strategy, others are subject to this strategic arrangements. In May, the protection group Chairman Zhou Shurui revealed cast successfully, protection groups listing process starts. One insurance industry pointed out, "Protection Group heard officially up for sale to China Holdings, has been consent of the single largest shareholder of finance. "However," of last resort and for the "smell of asset protection of perhaps sums up best selling China mindset. A year of due diligence, investment negotiations, reorganization and integration of 2.5 years, but the ultimate is the end of the sale of shares, which will undoubtedly make the protection group is done dream of financial holding was delayed. In June 2008, the protection of the protection group through its smell investment holding company with $ 862 million won China holding 55% shares, for he is not into non-insurance financial protection in the field group at the time, the deal makes it an indirect holding of securities, futures, trust companies and funds, a step that "control dream". After smelling the core assets of holdings number of subsidiaries in China into a comic action, Thai trust, Dacheng fund important equity were judicial freezing, under desperating, protection group from life insurance life insurance quick-thawing of regulating insurance fund $ 2 billion debt, core assets. The tag information display, Hua Wen holdings amounted to $ 4.88 billion of assets and net assets of $ 979 million. 2010 business income of 97.7532 million Yuan hua wen holdings, recorded a net loss of $ 7.3152 million. This newspaper had earlier reported, informed sources, the reorganization of the protection group "Department of China heard" from the capital increase to repay the debt at a cost of more than 3 billion yuan, "If you can sell at a premium, you can increase revenue, let go of burdens. ”