Borrow the debt problem stake two companies Huaan Insurance double fist attack seeks backdoor

Every reporter Chao De nearly half a year in the two market has not traded shares of Huaan property insurance Company (hereinafter referred to as Huaan insurance), one night to become the two listed companies of shareholders, a major shareholder, a shareholding ratio of only 0.47% of the two shareholder less than the majority.　　The news that the company is planning to go public already has, but similar to Huaan insurance such away from "backdoor" listing only one step away of the situation is not very rare.　　In an exclusive interview with the Daily economic news, Huaan Insurance said that the stake in Huaan Insurance was invested by the strategic investors, and did not change the main two companies, while the board of Directors has not yet discussed issues related to listing.　　Administration of Justice Executive shares Hua an strong stake in the two companies August 16, Jing Tatsu shares (600577, closing price of 9.74 yuan) and the shares (600379, closing price of 15.30 Yuan) both issued due to debt disputes triggered by the transfer of equity announcements. Jing da shares said that, due to the debt due to the court under the auspices of the company's former largest shareholder, Guangzhou, China will hold the company's 54 million shares to 10 yuan/share price transfer to Huaan insurance name. So far, the original largest shareholder in Guangzhou special China's shareholding to 1.99%.　　Huaan Insurance has a 18.34% stake in the company, becoming the company's largest shareholder. Bao Guang shares said that due to debt disputes, the court ruled the company's second to third largest shareholder Mao Heng Investment and long-term environmental protection will be held 24.8 million shares and 16.2 million shares, in accordance with the price of 16.10 yuan per share transfer to Huaan insurance name. At this point, the proportion of the above two shareholders fell to 1.16% and 0.69%, are unlimited sales and circulation shares.　　Huaan Insurance owns 9.12% of the total share capital of the company, becoming the second largest shareholder of the corporation. A large proportion of rare backdoor sound insurance companies hold a stake in listed companies are rare, and such as Huaan insurance in one or two major shareholders is extremely rare. It is good to take this, in recent years, the fine Tatsu shares and shares of the treasure light is very strong. In particular, the stock has risen by as much as 45% since July.　　There are market rumors, Huaan insurance will be "backdoor" listed above two companies. From the background information, Huaan Insurance this time stationed in the Jing-da shares, in fact, is a "left hand for the right hand" capital operation. Jing da shares of the two sides of the stock exchange of investment in Guangzhou and Huaan insurance, the actual control per capita for Li Guangrong, Guangzhou special China Investment is Huaan insurance major shareholder.　　Some insiders pointed out that if it is huaan insurance backdoor, can directly through the major shareholders to the insurance assets into the essence of the shares, there is no need to do so superfluous. At present, Huaan Insurance Holdings 9.12% stake in the shares, only lower than the first major shareholder Bao Guang Group Holdings of 0.47%. In other words, if Huaan insurance increased the shares of 1.01 million shares, that is, less than 16 million yuan investment can become the first shareholder of Bao Guang shares.　　In the book of changes in equity, Huaan made it clear that it "does not rule out the possibility of continued overweight or reduction in the next 12 months". "Huaan came in before withCompany communication, but the company had prior to the announcement of equity pledge, there are shareholder changes in the expectation. "For Huaan Insurance suddenly become the company two shareholder, Bao Guang shares Securities Affairs representative Li Wenzing said, large shareholder Bao Guang Group will increase the company shares, the company can not answer."　　Subsequently, the reporter contacted the group, the company management staff to control the issue is too sensitive to talk about, only said that there is no such claim. 2008, the loss of Hua an assets into the difficult to travel "Huaan insurance backdoor the possibility of fine Tatsu shares."　　"A Shanghai brokerage researcher believes that from the two point of view, first, Huaan insurance came in when there is a commitment to not change the company's main; the second is the 2008-year performance loss of Huaan, related asset injection is unlikely to be approved. For the previous article, its bulletin does have "in the next 12 months did not change the main business of listed companies or the main business of listed companies to make a major adjustment plan", and for the 2008 Huaan insurance losses, the reporter also from the fine Tatsu shares "detailed changes in the report on the change of interest" found.　　2007 ~2009 years, Huaan insurance net profit is 365.6 million yuan, 1.995 billion yuan, 1.709 billion yuan, the basic earnings per share of 0.41 yuan,-2.50 yuan, 2.14 yuan.　　The reporter found that at present Huaan insurance performance has a greater improvement, the CIRC website data show that the first half of this year, Huaan insurance premiums have been as high as 2.122 billion yuan, has completed the 2010 premium of 2.81 billion yuan 75.5%. Huaan clarified: "Listing is not yet discussed as a viable means to solve the problem of capital adequacy, but the company's board of directors has not yet discussed the relevant issues." "In response to the market about Huaan insurance borrowing shell listing rumors," Daily economic news "exclusive interview with Huaan Insurance company. The company said that the development of insurance companies and industry supervision on solvency and capital adequacy ratio has always been very concerned about, insurance companies in the modern financial system to go further, listing is a feasible means to solve the problem of capital adequacy.　　Huaan Insurance and other companies in the industry will also consider this approach, but the prerequisite must be Huaan Insurance's own operation has matured, the operating level has reached the relevant standards. Huaan Insurance said that although Huaan Insurance has become the first major shareholder, but the company will adhere to the corporate ownership and management of the relative separation, will fully respect the company's current management team's development plans and ideas; for the Polaroid shares, Although the company said Huaan insurance does not exclude the next 12 months to continue to overweight or reduce the possibility. But from the strategic investors point of view, Huaan insurance does not focus on the issue of control, but more fancy shares of the development of the treasure Light, Huaan insurance on the shares in its industry in the development trend of confidence.