Amazing capital increase, China Life Insurance 9.5 billion yuan

1comment 2019-04-15 04:40:52 source:International financial newspaper Author:Luo Gemei Just do it next week! Steady!

On the evening of April 7,Tianmao Group(Quotes000627,Medical stock) issued a notice saying that China SilverChina Insurance Regulatory Commission"Silver Insurance Supervisor [2019] No. 402" approved the text, its holding subsidiaryGuohua(Hong Kong stocks00370)life insuranceThe registered capital of the company limited by shares (hereinafter referred to as "Guohua Life Insurance") increased from 3.8 billion yuan to 4.846 billion yuan.

According to the latest disclosure, Guohua Life Insurance issued 1.0462 billion shares at a price of 9.08 yuan per share, a total of 9.5 billion yuan. Among them, the controlling shareholder Tianmao Group used the raised funds of 4.845 billion yuan to increase the capital of Guohua Life Insurance. After the capital increase, the shareholding ratio remained at 51%.

"After the completion of the capital increase, the company's solvency adequacy ratio will be greatly enhanced, thereby enhancing the company's profitability and sustainable development capabilities." Guohua Life Insurance said.

"International financeThe reporter learned that Guohua Life’s total capital increase of 9.5 billion yuan not only exceeded Guohua Life’s total investment capital of 8 billion yuan since its establishment, but also set this year.insurance industryThe largest amount of capital increase.

  Introducing three state-owned enterprises

As early as July 2016, Tianmao Group issued a notice saying that the company and Hainan Kaiyi Industrial Co., Ltd. (hereinafter referred to as "Hainan Kaiyi"), Shanghai Bo Yonglun Technology Co., Ltd. (hereinafter referred to as "Shanghai Bo Yonglun" Shanghai Hanxinxin Investment Co., Ltd. (hereinafter referred to as “Shanghai Hanyuxin”) plans to increase the capital of Guohua Life Insurance by 9.5 billion yuan, of which Tianmao Group will increase its capital by 4.845 billion yuan, and the other three will increase its capital by 4.655 billion yuan. ”

Since then, Guohua Life has adjusted the original capital increase plan in consideration of strategic development and optimization of the shareholding structure.

On October 31, 2018, Guohua Life Insurance announced that it intends to introduce Hubei Hongda Capital Investment Management Group Co., Ltd. (hereinafter referred to as “Hubei Hongtai”) and Wuhan Real Estate Development and Investment Group Co., Ltd. (hereinafter referred to as “Wuhan Real Estate”). Wuhan Jiangan State-owned Assets Management and Management Co., Ltd. (hereinafter referred to as “Wuhan Jiangan”) and other three state-owned companies became direct shareholders, together with Tianmao Group, increased capital of 9.5 billion yuan to Guohua Life Insurance. At the same time, Hainan Kaiyi, Shanghai Bo Yonglun, Shanghai Han Yuxin three companies no longer participate in Guohua Life Insurance this capital increase.

Specifically, Tianmao Group increased its capital by 4.845 billion yuan, accounting for 51% of the total share capital of Guohua Life Insurance after the capital increase; Hubei Hongtai increased its capital by RMB 4.055 billion in cash, and the shareholding ratio after the capital increase was 9.215%; Wuhan Real Estate increased its capital by cash 5 100 million yuan, after the capital increase, the shareholding ratio is 1.1363%; Jiang'an state capital increases the capital by 100 million yuan, and the shareholding ratio after the capital increase is 0.2273%.

Tianyuechao showed that Hubei Hongtai is a 100%-owned enterprise of the State-owned Assets Supervision and Administration Commission of the People's Government of Hubei Province; Wuhan Real Estate is a 100%-owned enterprise of the Wuhan State-owned Assets Management Committee; and Wuhan Jiangan is held by the State-owned Assets Supervision and Administration Office of Jiang'an District of Wuhan City. 98.72% of the shares, Guokai Development Fund Co., Ltd. holds 1.28% of the shares.

At the same time, Guohua Life Insurance moved its registered address to Wuhan City, Hubei Province in May 2018. Guohua Life Insurance said that “the future will be based on the opportunity of the rise of Central China, rooted in Hubei, laid out across the country, and operated steadily and actively.”

  9.5 billion yuan maximum capital increase case

According to public information, Guohua Life Insurance was established in November 2007 and is headquartered in Shanghai, registered in Wuhan, Hubei. The registered capital before the capital increase was 3.8 billion yuan, mainly engaged in life insurance,Health insurance, accident insurance and other personal personsInsurance business. As of June 2018, the company's total assets exceeded 153 billion yuan.

Guohua Life InsuranceBancassuranceThe Internet is the main channel of business and vigorously develops its personal insurance business. At present, it has opened 18 provincial branches in Shanghai, Beijing, Tianjin and other provinces and cities, and Shaanxi Branch is in the process of raising funds.

According to statistics, since the establishment of Guohua Life Insurance, it has completed several capital increases. With the capital increase, the registered capital of Guohua Life Insurance will increase from 300 million yuan at the time of opening to 4.846 billion yuan, the cumulative capital investment of shareholders will reach 17.5 billion yuan, and the net capital will exceed 25 billion yuan.

Guohua Life Insurance said that the total capital increase of 9.5 billion yuan exceeded the company's total capital investment of 8 billion yuan since its establishment. "The controlling shareholder Tianmao Group has increased its investment in Guohua Life Insurance because it is optimistic about the long-term development of the company."

"International Finance News" reporter statistics Guohua Life Insurance 2010 to 2017annual reportIt was found that the company's overall business performance in recent years was excellent. Among them, in 2010, it achieved a small profit, and after three consecutive years of losses, and turned losses into profit in 2014, officially entered the profit period, after which the annual net profit exceeded 1 billion yuan, and reached its climax in 2017.

According to the annual report data from 2010 to 2017, the net profit of Guohua Life Insurance was 65.342 million yuan, -395.464 million yuan, -34284.69 million yuan, -19978.14 million yuan, 144.6694 million yuan, 164.855 million yuan, 165,307,200 yuan, 273,308,800 yuan. yuan.

According to the solvency report of Guohua Life Insurance in the first three quarters of 2018, the company's net profit for the first three quarters totaled 1.485 billion yuan. At the same time, as of the third quarter of 2018, the core and comprehensive solvency adequacy ratio of Guohua Life Insurance was 122.69% and 131.28% respectively.

Keyword reading:Capital increase Guohua Group issued an announcement International financial newspaper Tianmao

Editor in charge: Fu Jianqing RF13564
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