Protection group listing hot war

1th page: social security into the 2nd page: funding pressures 3rd page: Wu Yan's mission to introduce social insurance fund as a strategic investor, cleanup "Hua Wen" equity, protection group "A+H" listed in the final stages after reporter Song Yiqing usher in a social security fund as a strategic investor, founding of new China's first insurance company – listed begin substantive advance protection group as a whole. On June 15, the pension fund contribution of $ 10 billion stake in the protection group. According to Wu Yan, Chief of the protection group to disclosure media, shares about 11% of the social security fund. In accordance with the protection group 30.6 billion of total equity projection, SSF subscription price of about $ 3; life insurance group's overall profit $ 7.33 billion last year, this projection, about $ 0.24 per share, earnings of about 13-15 times the share of social security fund. Recommended reading insurance weekly: Storm safe involvement haixin shares owned pipe investigation storm disaster danger-don't forget to vote Wade was the protection of health is expected within months of funds granted 1 billion insurance product specification for more selling short China insurance regulatory Commission to be more variable annuity insurance into a bear market life-saving straw tendencies on the other side of risk capital investment balance? Decipher the trader password, grasp the main trends in accordance with the provisions of company law, AG set up must have two sponsors. The deal is completed, ownership structure already complies with the listing requirements of the protection group. Close protection group said the protection group has set up a public office, preparatory to "A+H" listed in the form. Smooth progress of the IPO, asset inventory, evaluation within the group, ready to throw the burden, go into battle with a light Pack. Social security screening of incoming after 1.5 years of negotiations, the protection of strategic investors finally flowers fall from the Group of the national social security fund. On June 15, the protection of the national social security fund, the Ministry of finance and group formally signed the agreement on pension fund contribution of $ 10 billion stake in the protection group. From October 2009 restructuring listed by June 2011 eventually locks the social security fund, road to filter protection group of strategic investors is not short. "Selected social security fund is the inevitable accident. "Previously mentioned close to the protection of sources, the Treasury initially meant protection of Huijin company group of strategic investors, Hui Jin, after all, is authorized by the State Council, on behalf of the national State-owned key financial enterprises funded exercise of human rights and the performance of State-owned company of investor obligations. Huijin in the insurance industry has currently holds China Xinhua life insurance group and two shares of insurance companies. But the companies Board of Directors, color rich Huijin. Even reinsurance in personnel appointment and removal of power from the parent company of China insurance regulatory Commission under the Huijin Investment limited liability company in China. These sources, Huijin such "people, steward, in charge of assets" attitude is precisely by protection group does not want. Protection of Huijin Investment eventually stranded. Subsequently, also has expressed interest in several large State-owned enterprise investors insurance group, but "some finance didn't see, some prices did not talk about long. "Informed sources in the above, also have a stake because the requirements are too high, is out. After several ups and downs, eventually became the protection of the social security fund group of strategic investors. Industry analysts said, protection of the final selection has its inevitability of social security fund. Social Security Fund has consistently appears to financial investors, not for impact protection management; in addition, continued stable cash flows of Social Security Fund, also meets the development requirements of the insurance industry. Under the company law provisions, AG set up must have two sponsors. As the social security fund shares, ownership structure already complies with the listing requirements of the protection group. However, the future of social security fund may not participate in the life insurance business management, Ministry of finance in a protection group is still a single shareholder. The analysts who asked not to be named, said protection to perfect corporate governance structure of the group, also need to add independent directors seats in the future, through the independent Director's duty to protect the interests of small shareholders. Protection group Chairman Wu Yan said in media interviews, only introduced a social security fund investors. But informed sources in the above, life insurance may also introduce one to two business investors in the future. Clean "Hua smell of" the introduction of war outside investment, protection groups also began an inventory of assets, ready to throw the burden, to bags to be listed. Difficult Jiuzhang, consolidation of "Hua Wen" assets to bear the brunt, becoming the object being cleaned. On June 8, protection of the protection group, investment holding company will own smell of China investment holding company of all financial assets 55% equity officially Beijing Exchange stock price is $ 1.268 billion. Together with the listed, there are widely held investment Co Ltd 54.21% shares of stock price of $ 867 million. Market participants in an interview with the financial and economic state weekly reporter said the sale "of Hua Wen" is expected, because the protection on "Hua Wen" has reached a difficult stage of consolidation. There are for people familiar with reporters, "Department of China heard" inside the protection group has been quite the murmurs. Life insurance group in addition to unfreeze part of "China smell" assets, redeployment of 2 billion yuan of funds from life insurance life insurance to "Department of China heard" debts, a "Department of China heard" meagre of substantive support. In the eyes of old hua wen ren, as the largest shareholder, and does not reflect the protection group management capabilities. "Bring are executive orders that a State-owned enterprises. "One" of hua wen, "lifting the protection of employees is a grudge. At present, "Department of China heard" assets also have a range of issues: hua wen holdings of operating without any income, long-term equity investment income less; its key subsidiaries profitability margin industry there is distance and net asset yield can reach one-year loan interest rates are not many companies. Although the "Department of China heard" has protection desire of more than one financial licence, but this chicken, in preparation for the listing of critical, select failed arm protection is guaranteed. A person close to the protection group said, compared with the $ 860 million in share price, the transfer of "Hua Wen" premiums over $ 400 million. "Instead of looking at distant financial licence, might as well sell the POT. "It is understood that there are now multiple buyers communicate with protection group, but the deal has not yet implemented. In addition to the "Department of China heard" outside the protection group also conducted an inventory of existing assets, assessment, some adverse in the listing of the assets or transfer or internal absorption. "You only clean up the burden, to fetch a good price. "These people say. 123 next (function () {varobj=null;if(document.getElementById('page2011nav')){obj=document.getElementById('page2011nav');} elseif(document.getElementById('arctTailMark')){obj=document.getElementById('arctTailMark');} if(obj!=null){varstr='';try{varoo=obj.previousSibling;while(oo.nodeType!=1|| oo.innerHTML.replace(/\s|\u3000/g,'').length==0){oo=oo.previousSibling;} if(oo.nodeType==1&&oo.tagName.toLowerCase()=='p'){varspan=document.createElement('span');span.innerHTML=str;oo.appendChild(span);}} catch(e){}}})();