Straightening out the equity structure of State insurance Everbright strategic equity participation in road block removal truck

⊙ Reporter Yan Jian Huang leilei 0 edit registered in Jilin State insurance, finally out of the haze of shareholder disputes. China insurance regulatory Commission yesterday approved his application for transfer, Zhejiang Department of shareholders to exit across, number of Jilin enterprise disk access. State insurance shareholder structure this into almost all of "Jilin". Worth noting is that State insurance equity structure of rationalisation, no doubt paved the way for strategic investment of the Everbright group after. 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 are State equity schema straighten out under insurance regulatory Commission of reply file, Zhejiang China Swiss group, and Zhejiang Kat China Group, and gem holding, and rich can up holding, and Ningbo fai create investment, and Zhejiang Phoenix real estate development company, and Zhejiang desolately trade group, and Ningbo hundred lung textile, and Ningbo really man electrical, and Ningbo wing wing industrial investment, ten home enterprise will exit are State insurance, took over its shareholders status of respectively for: Jilin city railway investment development limited, and Jilin city Kat Sheng State-owned assets investment limited responsibility company, and Jilin city city construction holding group limited, transactions completed Hou, three home respectively holds are State insurance 20%, and 13%, and 12.5% of equity. All State insurance into media attention, beginning in 2008, the shareholder disputes, as represented by the Department of Zhejiang's shareholders in the South and Jilin as the representative of the shareholders appear on the business philosophy of differences in the North. This grant of equity transactions, also means that troubled state insurance shareholder disputes the deadlock was finally broken for two years. Further, equity structure of rationalisation also paved the way for State insurance next introduced strategic investors. On February 24 this year, and Everbright group in Changchun City, Jilin province Jilin city people's Government signed a strategic cooperation framework agreement and of the State insurance equity strategy investment letter of intent. Specifically, the Everbright Group intends to State insurance for strategic investment. Reporter yesterday learned from relevant channels, China Everbright Group on State insurance due diligence has been completed, but the share price, share ratio, is a private placement or a transfer of existing shareholders, is not yet finalized. Only you can determine is that State insurance most employees are expected as soon as possible to the master of the new shareholders, deep behind hope is: on the ownership dispute "toss" a two-year State insurance needed a unit strength to be brought out of the haze. State insurance 2010 annual report data displays, the company's 2010 net income of $ 126.5 million, however, solvency ratios is-61%, out of the capital, needs to be injected. Everbright "one life, one of the fiscal deficit" pattern even so, State insurance continues to attract the eyes of the Everbright group. "In the process of acquisition of property insurance company, investors tend to value the number of branches, once successfully acquired, it is easy to roll out business. "One industry source said, China Everbright group value the is probably the State insurance than dot distribution. State now has 32 branches. Once you successfully participating State insurance, by then China Everbright group, will be sitting on two insurance licences to form a "one China, one of the fiscal deficit" pattern of insurance. Everbright group has been holding a bright yongmingrenshou, incorporated was established in Tianjin, China Everbright has been nine years yongmingrenshou 2010 is not profitable. However, shareholder China Everbright group sales channel, network resource advantages, such as effects, already in the Everbright yongmingrenshou premium income reflected on the surge. In accordance with the internal planning of the guangdayongmingrenshou, three years to complete the national layout, bodies such as the establishment of insurance asset management companies within five years, striving to achieve IPO within seven years. Although life insurance have not been profitable, casualty licence has not POT, but still hardly cover to insurance business of the Everbright group looks forward to. According to the China Everbright Group's internal planning, insurance and banking and securities industry become the pillars of the Everbright Group focus on the development of business, the insurance it becomes another important source of financial platforms and profitability is an important component of overall strategic planning of the Everbright group. As for how long this cycle, the test of time.