"Flat deep Love" Integrated plan released this duplicate card

After two months, Ping an bank and deep development integration plan finally surfaced. Yesterday, China's peace and deep development both disclosed that the two sides have entered into a share subscription agreement, agreed to further development of a 1.639 billion shares of the directional issuance of a shares, ping An of China to hold all the shares of Ping An bank (7.825 billion shares, accounting for about 90.75%) and part of the full cash subscription, subscription price　　The shares of the two companies are now in duplicate. The subscription price for the 20 trading days prior to the restructuring of the stock exchange depth development, that is, 17.75 yuan/share to calculate.　　Ping An's valuation of Ping An bank in China is 29.1 billion yuan, so, the deep development of directional additional, that is, China Ping An subscription quantity is 1.639 billion shares, which will mean that Ping an bank shareholders to 1 shares to replace the deep development of about 0.19 shares, which with China Ping ' an financial advisor CICC to give the expected lower bound of the price is equivalent.　　In the near future, CICC has given the expected price of 1 shares of Ping An bank to develop 0.19-0.23 shares, while the deep development financial advisor CITIC Securities has given a valuation of 0.18 to 0.22 shares.　　This is the "flat deep love" integration process in the deep development of two times to China Ping an directional additional. June this year, the deep development of 18.26 yuan per share of the price to ping an life of the Non-public offering 379.58 million shares, raise funds 6.931 billion yuan. According to the deep development of the total share capital of about 3.4 billion shares, China Ping An direct or indirect shareholding accounted for 29.99% of the deep development of the largest shareholder.　　And the deep development of directional additional, the total equity will exceed 5.1 billion shares, of which China Ping An shareholding ratio of more than 50%, become an absolute holding shareholder. A number of brokerage analysts said that "the integration of the subscription price is entirely in our expectation."　　However, the two-price deal also requires China's Ping An and deep development of both the board and the shareholders ' meeting to pass, as well as the relevant regulatory authority approved by the formal implementation. The market to China's peace and deep development of the integration of optimistic attitude, that both sides are positive. Ping An China newspaper shows that in May 2010, the deep development of the official China Ping ' an associates, in two months of deep development has contributed to China's Ping an 204 million yuan profit.　　and deep development in June to complete the ping an life of ping An of China's private offering a total of more than 6.9 billion yuan, raising its own capital adequacy ratio and core capital adequacy ratio, two important indicators were raised to 10.41% and 7.2% respectively. "The addition of deep development will undoubtedly help to accelerate the pace of China's Ping an cross sale." "Analysts say. Data show that the first half of the year from the cross-selling channels of insurance premiums rose 53.1%, ping An bank new credit card 61.9% from Cross-selling. In the future, deep development will also share the existing 50 million-person customers and 2 million enterprise customer resources in China's Ping an.