Plot Taikang County insurance or a stake in Chengdu agricultural firm

Insurance company investment commercial bank stake in heat reduction. China Turbo (601,601, unit) to spend $ 1.3 billion stake in Shanghai last year after the agricultural firms, the China business newspaper reporters informed by people familiar with the, Taikang life is very likely involved in Chengdu rural firms ' equity financing in recent days, and are interested in becoming a strategic investor. For insurers, favored unlisted firm stake investment benefits in addition to enhance channel sales, as well as banks and insurance companies, a county agricultural insurance will be the insurance company investment firm of a great power. 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 agricultural firm introduction funded Chengdu agricultural firm Yu on December 31, 2009 established, registered capital 5.898 billion yuan. Hong Bo shares (002229 shares) as a sponsor subscription in cash, $ 70 million of investment, holders of their shares in proportion to 0.85%. According to the Chengdu business 2010 first extraordinary general meeting resolutions and oriented offering programmes, Chengdu agricultural firm intends to directed way ' equity financing raised additional core capital. The directional raise intends to issue common stock 4.102 billion shares, which raise 3.5 billion shares to strategic investors, to the voluntary sale of stake in the largest number of 20 existing corporate shareholders together raise 602 million shares before issuing price is $ 1.6/unit. Following news that Chengdu agricultural businesses to introduce strategic investor targeting domestic financial institutions holding 3.5 billion shares, the object is likely to include an insurance company. "The legendary mysterious strategic investors are likely to be of Taikang life insurance. Taikang persons have been to Chengdu have inspected many times over there. "These Insider revealed to reporters. War vote in accordance with Chengdu agricultural firm to raise 3.5 billion shares $ 1.6 per share calculation, bidding to become a strategic investor, input $ 5.6 billion. But this reporter learned that specific investments within the Taikang amount set at about $ 3 billion at the beginning and tends to get holding position. Taikang life insurance strategic investment of agricultural businesses in Chengdu, when reporters to verify Taikang brand stakeholders, Taikang brand said, "there is no information in this regard". However, Taikang investments have not entered final "assured" stage. "Investment transactions must go through the local banking sector and the China insurance regulatory Commission approval filing. "Informed by reporters from a person close to the China insurance regulatory Commission, not at present see Taikang for Chengdu agricultural investment in business applications. Agricultural firm Office stressed to reporters in Chengdu, will only disclose information to the shareholders. In addition to the introduction of strategic investors, Chengdu agricultural firm to 20 old shareholders directed offering. Private placement completed, Chengdu agricultural firm registered capital will increase to 10 billion yuan, the old shareholders ' equity have a certain degree of dilution, xinhu zhongbao (600,208, unit) (600208.SH) 's stake from 8.27% diluted to cent; hung Bo shares (002229.SZ) from 0.85% diluted to cent. "Agricultural firm equity in investment banking or insurance institutions are not uncommon, many insurance companies are active layout not listed banks ', such as protection of Guangdong Development Bank, China investment Hangzhou and Turbo investment banks, and so on. "Guotai Junan analyst Peng Yulong believes that the insurance industry, these are not listed banks ' into the insurance fund investment trends of recent years, as long as the Bank was listed on, return on investment of insurance funds will be very lucrative. "In addition, the scarcity of a banking licence, for building large, integrated financial group insurance companies also need to consider in advance in this area, comprehensive layout. "County attracted investment bank equity to insurance companies is easy to understand, do financial investors to share listing proceeds, equity relationship can also be used to increase bank-insurance cooperation, strengthening financial sector development, accelerating premium growth. But for does not so hot of agricultural firm, insurance company is fancy has which is does? July 2010, Turbo group and Shanghai agricultural firm July Agency, Turbo will spent does not over 4.8 billion yuan acquisition the line near 800 million unit, but year October Shanghai agricultural firm shareholders General Assembly Hou outgoing of message display, Turbo of investment has "shrink", by original does not over 4.8 billion yuan becomes spent 1.3 billion yuan holds Shanghai agricultural firm increased funded completed Hou about 4% shares. Taikang life insurance investment firm is not the first time. According to media reports, Taikang and Tianmen city, Hubei Province agricultural firm signed a strategic cooperation framework agreement in early August 2010, Taikang life to nearly $ 100 million investment, owns 20% shares of Tianmen agro-business Xingyue. Tianmen agricultural businesses will be the Hubei Province (County) level in the first joint-stock company. Characteristics of rural commercial bank in the County, the rural characteristics and Taikang life echoes the idea of people wishing to enter the County market. Since 2007, proposed developing the Taikang Chairman Chen dongsheng County insurance, Taikang is entering the County, and has repeatedly said that markets and rural marketing. Chen dongsheng believes that urban and rural integration, construction of new countryside and urbanization has become a trend, "rural life insurance market is a very large market, simple estimates, at least the whole of China (life insurance) half of the market landscape, rural markets must seize, it is (insurance companies) bigger way. "Chen dongsheng on press. Chengdu agricultural businesses is a good investment object. Public information display, Chengdu, Chengdu agricultural firm formerly known as rural credit cooperatives, is currently the most outlets in Chengdu area, mainly for "farmer" County economy, SMEs, and the urban and rural development banks to provide services. Agricultural business was first established in Chengdu, namely, "358 development strategic objective", namely: reached national levels within three years the Bank standard, to publicly listed conditions; across regions and established a branch within five years, introducing strategic partners; 2013 to 2014, start listing notification procedures, and to create conditions to listing, into a first-class modern commercial banks within eight years. At the operational level, in addition to the traditional credit business, Chengdu agricultural firm for urban and rural areas in the development of diversified financial needs of rural residents and opened the no-tillage Conservation Fund, agent insurance agency business. "RuralThan with the city's premium, insurance profits on the market situation in the countryside than cities, even better. "Chen dongsheng have said. In January this year, Taikang launches first County exclusive insurance product "Taikang life health lifelong protection plan major diseases".