Pacific Aetna history

Wen Hu Jinhua Shanghai cover in the wait for a whole year and four months later, by the China Construction Bank (601,939, unit) combined with Turbo group and led by Netherlands International Group equity transfer transaction on Palic, finally settled. "Compared other several has completed shareholders change of Bank Department company, Pacific (601,099, unit 's) antairenshou is shareholders changes maximum of a, regardless of is cross line holding of cross silver Kang joint, also is ICBC holding of workers yinansheng, or Beijing Bank (601,169, unit 's) holding of first Antai, original of foreign shareholders also retained part equity, but Pacific Antai of two large shareholders full will equity transfer, in 13 years in completed has a wheel large Exchange transfusion. "Shanghai insurance market, a senior person told reporters. Recommended reading insurance weekly: variable amount annuity pilot started Beijing Shanghai five city first wins insurance enterprises violations promotions penalty 500,000 insurance ring "Wang yawei" emerge surface exaggerated income does not to risk silver insurance disputes constantly should first to family "pillar" Shang foot insurance regardless of from lost insurance is zehui Shi Qiming jointly immortal see disk build boutique lecture however in completed has equity change zhihou, jianxinrenshou by to face of is is build new of management layer and in national of dot layout. 1.5 billion won half equity on April 11, this understanding to, China insurance regulatory Commission official reply Pacific Antai change shareholders of application, agreed Netherlands International will holds the company 50% of equity transfer to CCB; while Turbo by holds also 50% of equity also transfer to has CCB led of joint by let body, which CCB by let too keep has 1% of equity, CCB its of built silver investment by let 19.35% of equity, Chinese life (Taiwan) insurance company by let 19.9%, Shanghai Jinjiang international and Shanghai China Asahi investment by let has other 9.75% of equity. At this point, the Group Turbo and Netherlands International full exit from the Palic, Palic's name has also become history in the market, is a bank named jianxinrenshou appears on the market of insurance companies. On November 26 last year, Turbo in Shanghai United assets and equity exchange hang up the Pacific Antai stock price is $ 50% to $, China life insurance (Taiwan) also publish news that the company to RMB $ 379 million, approximately NT $ 1.78 billion, equity participation in Palic, the stock is 19.9%. An insurance analyst in Shanghai said to this speculation, construction Bank, China Construction Bank and its investment company funded a total of about $ 1.5 billion, won the Pacific-Antai life insurance more than 70% per cent. "Although China Construction Bank in Netherlands 50% stake held by the international group, did not disclose the details of transaction prices, refer to the wide boy hanging out of the sale price, then Pacific-Antai 100% equity prices will reach $ Bank and several small shareholders accepted overall Bank itself will reach approximately $ 1.5 billion bid. "The insurance analyst believes. And reporters access to Palic's information about display, the company was founded in 1998, the registered capital of 800 million Yuan and net assets of $ 898 million, in the first three quarters of 2010 year operating profit is 41.606 million Yuan, but national business network in Shanghai, Jiangsu and Guangdong only three districts, as well as all foreign companies network at least one of the company. On April 12, guotai Junan securities, an insurance analyst also pointed out that, in Pacific Antai 50% shares at $ 940 million terms, PB (net average rate) about twice times, such valuation than listed insurance companies such as Turbo, peace, protection of less PB, shortly before the Taikang life, Xinhua life insurance upon the sale of a stake in, PB is more than 3 times. "This equity valuations more reasonable, as Pacific Antai only three branches, so relative maturity life insurance company equity, lower valuation within a reasonable range. "The analysts said. Change of management reporter learned that, in regulatory official approval after shareholding modification of Pacific-Antai, for the new Department of Bank life insurance company, is going to have to face the changes in the management and the laying of new outlets. Last December, 50% buy the Turbo group to sell stake in CCB said when buying life insurance company is a platform for further expansion of services customers, using their individual customers and customer resources and a robust risk management techniques and experience, cross-selling life insurance products to customers and bank products and services, so as to achieve maximum synergies, while also promoting rapid development of robust investment life insurance company. Although China made it clear that in channel banks and insurance companies to maximize synergies, however, confined to the parties on the network gap was too large, controlled by China Construction Bank in realization of Pacific-Antai, on the basis laid must speed up the network. According to the China Construction Bank by the end of last year its total assets of more than 10 trillion yuan, fixed assets of over $ 700 billion, outlets more than 14,000; looking back at Pacific-Antai, up to now have the customer number approximately 300,000, the cumulative total premium of over $ 6 billion and total assets of $ 3.7 billion, in 28 foreign and joint-venture insurance company ranked in the bottom. However, reporters learned that Pacific Antai largest adjustment of change management. Existing in the management of the company, executives are Turbo group and Netherlands members of the international presence. Company Chairman Shi Jierong is Vice President and head of the production Turbo the Turbo group life insurance supervisors long; Vice Chairman Chao Guo and is Netherlands international legal Director of the Asia-Pacific region, the company's General Manager Tao Menghua was Netherlands International Taiwan branch in charge of; others include company director Ying Wang, Yu Hua, Kathy Yang, Shi Huanjia, chixiaolei etc are the original two Turbo groups of shareholders and Netherlands international management. "As two large shareholders of exit, these management layer should will from Pacific Antai company left, therefore for Pacific Antai,, this is established 13 years to maximum of once management layer changes, may to than other several Bank Department insurance company executives changes of to more, and is equity transfer will experience over a years of time, may also and three large shareholders Zhijian on management layer of exit and entered has great of relationship. "On April 13, a person familiar with the sources. However journalists call the Pacific-Antai persons, ask the management change, has not received a clear reply, but was told to wait until everything is indeedAfter will give a unified response. However, in the view of the industry, has as a controlling shareholder of the China Construction Bank, will certainly new high-rise in new life insurance company, China life insurance (Taiwan) company may also be related persons as the post of General Manager, responsible for managing the company's strategic business.