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    Kunlun Health Insurance illegal shareholding found in the shareholder Construction said that the subscription does not exceed 15%

    2019-03-14 08:30:06

    A wisdom insurance

    A year ago, a group of small and medium-sized insurance companies were ordered to find shareholders due to equity violations. After more than a year, some found and some were still searching hard. Among them, Kunlun Health Insurance has one year and more than three months, and has a “Italian person”. March 13th,Middle constructionThe announcement stated that the proposed 550 million subscription does not exceed 15% of the shares. This means that at least one Kunlun Health Insurance has to find one to be able to redeem 30.96% of the illegal shares.

    On March 13, Shenzhen Zhongchuang Construction Group Co., Ltd. (hereinafter referred to as “China Construction”) held the fifth meeting of the third board of directors, deliberating and passing the “About <; funding subscription Kunlun Health Insurance Co., Ltd. no more than 15 The “Proposal of % Shares”; agrees that the company intends to raise funds of no more than 15% of the shares of Kunlun Health Insurance by no more than RMB 550 million.

    An announcement brought people's attention back two years ago.

    In December 2016, Kunlun Health changed the shareholders of 4 companies, namely Shenzhen Hongchangyu Enterprise Management Consulting Co., Ltd., Shenzhen Zhenglaida Industrial Co., Ltd., Shenzhen Zhengyuanda Technology Co., Ltd., Shenzhen Taiteng Material Trade Co., Ltd. the company.

    According to public information, the original shareholder of Kunlun Health, Tibet Hengshi Investment, and Fujian Qingke Investment, carried out the equity transfer. After the change of shareholding, Hongchangyu holds 10.30% of Kunlun Health, Zhengda holds 7.68%, Taiteng Materials holds 7.44%, Zheng Leida holds 5.54%, and the total shareholding ratio of the four companies is 30.96%.

    On February 17, 2017, just after the New Year, Kunlun Health Insurance had a big event and received an inquiry letter from the former Insurance Regulatory Commission on issues related to equity.

    The original words are like this:

    Kunlun Health Insurance Co., Ltd.:

    Recently, some media reported that your company is the actual control company of “Guo Yingye Guo Yingcheng Family”. Please ask your company to carefully check the following questions and give a written explanation to us:

    1. Explain whether there is any relationship between Shenzhen Hongchangyu Enterprise Management Consulting Co., Ltd., Shenzhen Zhengyuanda Technology Co., Ltd., Shenzhen Taiteng Material Trading Co., Ltd. and Shenzhen Zhenglaida Industrial Co., Ltd. Regarding the “Guo Yingye Guo Yingcheng Family”, whether the share capital is derived from the subsidiaries of the “Guo Yingye Guo Yingcheng Family” or its related parties.

    Second, explain the shareholding structure (tree view) of each shareholder of your company and its actual controller.

    Third, explain whether your company has actual controllers. If yes, detail the actual situation of the controller.

    4. Please ask your company and shareholders to issue a letter of commitment on the authenticity of the instructions. If there is any false or concealed information, bear the consequences and voluntarily accept the measures taken by the China Insurance Regulatory Commission.

    Please send your company's explanatory materials and letter of commitment to our meeting in writing before February 24.

    February 17, 2017

    Although Kunlun Health Insurance submitted the report on the last day of the required limit and presented the shareholding structure and commitment letter of the challenged shareholders, the supervision was not satisfied with it, so a second inquiry letter was issued within one week.

    Kunlun Health Insurance shareholding structure chart

    The original words are like this:

    Kunlun Health Insurance Co., Ltd.:

    On February 24, 2017, I will receive a report on the issue of the equity of Kunlun Health Insurance Co., Ltd. (Kunlunzi [2017] No. 51). Please ask your company and relevant shareholders for further explanation and explanation on the following issues:

    I. Description of the main business and financial affairs of the company's shareholders Shenzhen Hongchangyu Enterprise Management Consulting Co., Ltd., Shenzhen Zhengyuanda Technology Co., Ltd., Shenzhen Taiteng Material Trading Co., Ltd. and Shenzhen Zhenglaida Industrial Co., Ltd. Status and detailed funding sources for Kunlun Health.

    Second, provide the basic information of each of the above four companies. Among them, the legal person shareholder explained the main business, financial status, and source of funds for the past three years, and provided proof materials; the natural person shareholder explained the source of the share capital and provided the certification materials.

    Third, your company's shareholder Shenzhen Jiahaosheng Industrial Co., Ltd. (hereinafter referred to as Shenzhen Jiahaosheng) stated that the actual controller of the company is Wang He, a natural person shareholder of Qingdao Xinhe Changda Science & Trade Co., Ltd. According to the public disclosure information of the National Enterprise Credit Information Publicity System, the shareholders of Qingdao Xinhe Changda Science & Trade Co., Ltd. are Liu Xuejin and Wang Shancheng, which are inconsistent with your company disclosure. Please provide instructions and provide supporting materials.

    4. Description of the situation of the company's shareholder Shenzhen Jiahao Sheng's first-level shareholder Beijing Jiuyi Equity Investment Center (Limited Partnership).

    Please ask the company to reply to the meeting in writing before March 6.

    February 27, 2017

    After more than 9 months of repeated negotiations, Kunlun Health Insurance shareholders did not withstand the penetrating test of the regulatory authorities. On December 15, 2017, the former Insurance Regulatory Commission issued the “Abandonment of Kunlun Health-related Equity Administrative License. Strengthening the supervision of the equity of insurance companies, Kunlun Health Insurance can only find the followers of illegal shares.

    The original words are like this:

    In order to further strengthen insurance supervision, effectively prevent financial risks, and severely crack down on illegal and illegal behaviors of insurance companies, the China Insurance Regulatory Commission recently revoked the administrative licenses for changes in shareholders and registered capital of Kunlun Health Insurance Co., Ltd., and disposed of the shares acquired by the relevant investors in violation of the law.

    After investigation, 7 companies including Shenzhen Hongchangyu Enterprise Management Consulting Co., Ltd. provided false financial reports during the process of investing in Kunlun Health and applying for relevant administrative licenses. The sources of funds were self-owned funds and no relationship between shareholders. The actual statement is that there is an act of preparing false materials. The China Insurance Regulatory Commission revoked the "Reply on the Change of Shareholders of Kunlun Health Insurance Co., Ltd." (the Insurance Supervision [2016] No. 1237) in accordance with the "Administrative Licensing Law" and other relevant laws and regulations, and revoked the "Regulations on the Change of Registered Capital of Kunlun Health Insurance Co., Ltd." Reply (Safety Supervision [2015] No. 659), canceled the "Reply on the Change of Registered Capital of Kunlun Health Insurance Co., Ltd." (Protection of Insurance ([2016] No. 458), including three companies including Tibet Hengshi Investment Co., Ltd. Increase capital into the administrative license of Kunlun Health, retreat the illegally acquired equity, and include relevant investors and intermediaries in the market access blacklist. At the same time, the China Insurance Regulatory Commission ordered Kunlun to introduce compliance shareholders within three months. Before the completion of the investment, it should not refund the shareholding funds to the illegal shareholders, ensure the company's solvency is sufficient, maintain the company's stable operation, and effectively protect the interests of the insured.

    The time limit for the supervision department to give Kunlun health insurance is 3 months. However, in 3 months, the shareholder replacement ended in jeopardy. Interestingly, Kunlun Health Insurance still stated in the report of each quarter that “the company’s shareholding structure is relatively scattered and there is no controlling shareholder or actual controller”.

    Due to the change of shareholders, Kunlun Health Insurance executives frequently changed. The former general manager Fu Jie stepped down in June 2017 and welcomed a new vice president Yuan Changan in July. However, until now, the general manager of Kunlun Health Insurance is still vacant, and the chairman Li Yingzhe is also the temporary person in charge.

    It is also because of changes in shareholders that the company's operating results are not satisfactory. In 2017, Kunlun Health Insurance lost 826 million yuan. In 2018, the unaudited loss exceeded 700 million yuan. However, as of the end of 2018, Kunlun Health Insurance's solvency meets regulatory requirements, and the sufficiency rate exceeds 130%.

    In fact, Kunlun Health Insurance seekers have been in progress. In the case of a medium-sized construction subscription of no more than 15%, that means that one or more shareholders must take over in order to resolve the historical legacy of the illegal shareholding. Who is the other buyer? Let's guess first. However, Wisdom has inquired privately, and other equity transfers are being actively promoted.

    In the mid-package construction, the company is involved in the subscription. On the one hand, it is focused on the future development of the health industry and commercial health insurance. On the other hand, it is also optimistic about the prospects of Kunlun health insurance.

    - The construction of the middle school says so -

    Kunlun Health Insurance adheres to the "people-oriented" principle, takes the customer's health as the center, adheres to the traditional thinking of "treatment without disease", and creates a traditional Chinese medicine health care service model (ie KY3H model), advocates and follows management risks, cures the roots, and promotes The service concept of the state and the health care system provides customers with health care services that integrate health culture, health management and health insurance.

    In the future, China Construction will participate in the initiation and implementation of the disease-free health project, build a preventive health care service system for Chinese medicine, integrate health service support, service technology, and service to provide resources to build the company's core competitiveness and demonstrate its professional management advantages. It is believed that with the change of shareholders, Kunlun Health Insurance will also usher in new opportunities.

    However, it will take time to change shareholders. If this shareholder changes, it still needs to be approved by the shareholders' meeting, and it needs to be approved by the regulatory department and the industrial and commercial department. Wait a minute.

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    Editor in charge: Li Limeng RF13188

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