Insurance fund has never diminished the enthusiasm of the participating banks. Ping An Insurance of China in front of the field to bring the advantages of M & A banks; after the Minsheng Bank of China Life shares. Reporter learned from the Minsheng Bank, China Minsheng Bank to be introduced in 2011 refinancing plan, the old shareholders of China Life will once again
Minsheng Bank to be non-public offering of 4.7 billion shares
H-share listed more than a year later, Minsheng Bank raised refinancing plan.
held on January 7 Board of Minsheng Bank disclosed, Minsheng Bank will take the way of private placement, issued to a particular object than 47 million new shares, issue price 4.57 yuan, which is Minsheng Bank A shares trading price of the first 20 trading days to 90%, to raise funds not more than 21,479,000,000 yuan. Special healthy life
Technology Co., Ltd. Shanghai, China Asia Standard Holdings Group Ltd., Sichuan South Hope Industrial Co., Ltd., China Life Insurance Co., Ltd., China Shipowners Mutual Assurance Association , Jiangsu Rongsheng Investment Group Co., Ltd. and seven Huatai Automobile Group Co., Ltd. China Minsheng Banking institutions will participate in the non-public offering, 142,400 shares were subscribed, 119,000 shares, 66,000 shares, 50,000 shares, 16,000 shares, 50,000 million and 26,600 million shares.
According to regulations, since the issue of the shares issued after the end of 36 months may not be transferred, possession or control of Minsheng Bank issued more than 5% after the shares or by the regulatory authorities to conclude that Minsheng Bank has a significant impact on the shareholders, the subscription of shares issued this time from the issuance date of the end of 60 months can not be transferred.
Minsheng Bank official said, from the prudential supervision to meet the requirements of regulatory bodies and maintain the healthy development of their own business considerations, Minsheng Bank decided to refinance; from the cost, time, and uncertainty aspects into account, the Minsheng Bank re-financing options the way of non-public offering. The non-public offering of programs, such as the General Assembly considered and approved by the shareholders, still need to by China Banking Regulatory Commission, China Securities Regulatory Commission and other regulatory approval process.
future will have more insurance funds to flow to banks
past year, the Bank demonstrated considerable funds,
It is understood that in the past year in the the pressure of big capital.
2010, the 16 listed banks in China, 14 completed the refinancing, such as the Industrial and Commercial Bank, Construction Bank and Bank of China took most of the way additional allotment, and the other Shanghai Pudong Development Bank and Huaxia Bank have taken the way of non-public offering. In addition, ICBC and Bank of China also issued hundreds of billion of convertible bonds, showing that the bank funds
Lian Ping, chief economist at Bank of Communications that the
the insurance industry after years of rapid development, the insurance companies have accumulated huge premium, how to use these funds to increase the value of the insurance company has become a major burden. According to China Insurance Regulatory Commission sources, the insurance sector last year, have accounted for more than 60% of the insurance companies to establish a infrastructure, equity and so on.
venture capital equity investment in the form of shares in banks is undoubtedly a good choice. On the one hand, in our current financial system, the risk of bank failures is very small for long term hold, just to meet the long-term insurance funds on the demand for investment products; on the other hand, the banking industry's average profit margin is relatively high, is a rare investment products. to the signal,
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