Home Business Realize 1.8 billion! What is the impact of the exit of the A-share company of Huatai Insurance, a private equity subsidiary of Tianfeng Securities? |Huatai Insurance_Sina Finance_Sina.com

Realize 1.8 billion! What is the impact of the exit of the A-share company of Huatai Insurance, a private equity subsidiary of Tianfeng Securities? |Huatai Insurance_Sina Finance_Sina.com

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Original title: Realize 1.8 billion!Tianfeng SecuritiesThe private equity subsidiary liquidated Huatai Insurance, and this A-share company also withdrew. What is the impact?

  After holding it in my hand for 3 years,Tianfeng SecuritiesThe private equity subsidiary finally decided to completely liquidate the positioninsuranceEquity.

In the evening of November 19th,Tianfeng SecuritiesDisclosure, holding private equity subsidiary TianfengTian RuiSigned a major agreement with Anda North America Holdingsinsurance4.45% of the equity was transferred to Anda North America at a transfer price of 1.807 billion yuan.

  Tianfeng SecuritiesBelieve that the signing of the agreement is a breezeTian RuiActively respond to and implement private equity investment by securities companiesfundThe requirements of standardized management of subsidiaries will further realize the focus on high-end manufacturing and general health and other industries, and more focus on the development of equity investment business.

It is worth mentioning that the listed company that dayRenfu MedicineIt also announced a clearance of 1.026 billion yuan in Huataiinsurance2.52% equity, for Huatai Insurance, it means that the insurance company has gradually changed from a Sino-foreign joint venture insurance company to an insurance company with absolute foreign control.

Completely liquidate the equity of Huatai Insurance

On November 19, Tianfeng, a private equity fund subsidiary of Tianfeng SecuritiesTian RuiInvestment Co., Ltd. (“Tianfeng Tianrui” for short) made a big move. That is, Tianfeng Tianrui transferred all the 4.45% equity of Huatai Insurance it held to foreign-funded Anda North America Insurance Holdings Co., Ltd. (abbreviated as “Anda North America Holdings”) at a transfer price of 1.807 billion yuan.

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It is reported that Tianfeng Tianrui was established in 2013 and is a holding subsidiary of Tianfeng Securities. It mainly engages in private equity investment fund business and obtains management fees, investment income and other income. As of the end of 2020, Tianfeng Tianrui and its affiliated institutions have managed a total of 27 registered funds, and the paid-up scale of managed funds was 5.147 billion yuan.

  BrokerageChinese reporters learned from information that the China Banking and Insurance Regulatory Commission formally approved Tianfeng Tianrui to hold 4.45% equity in Huatai Insurance in September 2018.SinopecThe financial company was transferred, and at the same time, there are also “contemporary” enterprises approvedRenfu Medicine, Which is fromChina PetroleumThe Chemical Group took over 2.52% of Huatai Insurance’s equity.

Despite the supervision of the China Banking and Insurance Regulatory CommissionannouncementChina did not disclose the price, but as early as 2015, Tianfeng Tianrui and Inner Mongolia Junzheng Chemical Co., Ltd. (“Inner Mongolia Junzheng Chemical”) formed a concerted person to transfer the equity of Huatai Insurance. At that time, Tianfeng Securities The bid of about 1.29 billion yuan intends to acquire a 4.45% stake in Huatai Insurance.

Tianfeng Securities stated that the association is a share transfer agreement within the daily business scope of Tianfeng Tianrui. The signing of this agreement is Tianfeng Tianrui’s active response and implementation of the “Securities Company Private Equity Investment Fund Subsidiary Management Regulations” requirements, to further realize the focus on high-end manufacturing and health and other industries, and more focus on the development of equity investment business.

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“It is expected to have an impact on the company’s cash flow and subsequent operationsPerformanceIt has a positive impact and plays a positive role for Tianfeng Securities to further integrate equity investment funds. “Tianfeng Securities said.

According to the data, Tianfeng Securities realized cumulatively in the first three quartersOperating incomewithNet profitThey were 2.918 billion yuan and 635 million yuan, a year-on-year decrease of 15% and 9.61% respectively. However, the company’s net profit in the first three quarters of this year was 635 million yuan and exceeded last year’s full-year net profit of 455 million yuan.

Huatai Insurance becomes an absolute foreign holding company

According to the information, Huatai Insurance Group Co., Ltd. is a comprehensive financial insurance group integrating property insurance, life insurance, asset management, and fund management. Its predecessor was Huatai Property Insurance Co., Ltd. established in 1996 with a registered capital of 4.022 billion. Yuan, headquartered in Beijing.

At present, Huatai Insurance’s equity is still relatively dispersed, holding more than 5%shareholderThere are seven. The first shareholder, the second shareholder and the sixth largest shareholder are all foreign-owned Anda Group companies, namely Anda Tianping Reinsurance, Anda Bermuda Insurance and Anda North America Holdings, respectively holding 25.96%, 10.93% and 5.83% of the shares; the remaining 4 companies The shareholders are all Chinese shareholders, namely Inner Mongolia Junzheng Chemical,State Grid British UniversityHolding, Chongqing Modern Gravel Industry and Wuhan Tianying Investment Group.

  Data shows that as of the end of September this year, Huatai Insurance had total assets of 60.41 billion yuan and net assets of 17.3 billion yuan. In the first three quarters of this year, it achieved operating income of 12.407 billion yuan, net profit of 971 million yuan, and net profit of 875 million yuan attributable to shareholders of the parent company.

On November 19, another shareholder of Huatai Insurance below 5%Renfu MedicineAnnounced that it intends to transfer its 2.52% stake in Huatai Insurance to Anda North America Holdings at a transfer price of 1.026 billion yuan. After the transaction is completed, Renfu Pharmaceutical will no longer hold shares in Huatai Insurance.

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According to the data, Anda Group holds at least 46.2% of Huatai Insurance through shares of Anda Tianping Reinsurance, Anda Bermuda Insurance and Anda America. If Anda North America Holdings transfers Tianfeng Tianrui and Renfu Pharmaceutical’s total 6.97% equity. With regulatory approval, Anda Group will hold 53.17% of Huatai Insurance in total, which means Huatai Insurance will transform into an insurance company with absolute foreign control.

In addition, among Chinese shareholders, in addition to Tianfeng Tianrui and Renfu Pharmaceutical, another shareholder who signed the agreement to transferState Grid British UniversityHolding also recently listed on the Shanghai Equity Exchange to transfer 6.39% of Huatai Insurance at a transfer price of 3.085 billion yuan.

Massive information, accurate interpretation, all in Sina Finance APP

Editor in charge: Li Linlin

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