Carlyle's clearing-out kingpin has benefited nearly 5.5 times times in nearly half 5 years

After two times the big reduction, the Chinese Tai Bao (601601.　　SH,2601.HK, Carlyle Group, a major shareholder, is staging a "victory flight".　　By January 10, Carlyle could end up with about 36.945 billion yuan (about 5.566 billion US dollars), a 5.5 times-fold increase from its carrying amount of $5.688 billion.　　Market sources said that one of the buyers for the Allianz Group, Allianz last weekend announced the $855 million to increase the stake in the Tai, after an overweight, Allianz held a total of 240 million shares (or 10.4%) of the Tai Bao H shares. "0" Folding is now January 7, Carlyle once again to sell a share of 33.28 to 33.45 Hong Kong dollars for 415.2 million shares of the Tai Bao, compared to the day of the Tai Bao H-share price discount 0-0.5%, about 1.8 billion U.S. dollars.　　December 30, 2010, Carlyle has reduced its share of 216 million Tai-Hong shares to HK $6.7 billion (about $860 million) at HK $31.15 each.　　After two reduction, Carlyle has 2.66 billion U.S. dollars, the holding of the first 1.323 billion shares to about 692 million shares, the share of the issued shares from the initial 15.39% to 8.12% (the H shares to 29.92%), reduced by 47% of the shares.　　With the closing price of the 32.65 Hong Kong dollar on January 10, Carlyle's remaining 692 million shares could be $2.906 billion trillion, combined with a bag of 2.66 billion dollars, totalling $5.566 billion trillion.　　Yu Junjun, an international analyst at the bank, said Carlyle had thrown about half of its stake in just half a month after the lifting of the equity ban, and that it was likely to release some or all of its shares in the next or two months. I think Carlyle's approach to selling the Tai-H shares is more strategic than the price of the Tai-Bao H-Shares, which gives the market a lot of room to digest.　　In addition, he believes that the future target price of the Tai-Hong shares is around HK $40.　　Other market sources said that the famous U.S. mutual fund company, AIG's largest private shareholder Felholm Capital Management company has announced a $600 million investment in the Chinese Tai Bao H shares, but it did not disclose where to buy shares. Ann Connection Plate in January 2006, Carlyle invested 410 million U.S. dollars in the Pacific Life Insurance Regulatory Commission approved.　　For the insurer, which is in danger of solvency and is blocked by a-share listing, Carlyle is in distress. Carlyle and the United States Baode Insurance Company established the Carlyle Holdings Mauritius Limited and parallel investors Holdings a total of $410 million (at the current exchange rate of HK $3.2 billion) Buy 499 million shares of Tai Bao life insurance. In 2007, Carlyle transferred 499 million shares of life insurance to the Tai Group, and joined the group to increase capital to 4.27 yuan/share subscription for 1.332 billion shares, accounting for the group19.9% of total share capital, carrying 5.688 billion yuan.　　Finally, at the end of 2009, the sale of the company's shares to the Tai-Bao group, the total share of the holdings, to pave the way for exit. Carlyle's withdrawal has left Carlyle, who participates in the governance of the Tai-Bao company, in doubt.　　Since June 2007, the managing director of Carlyle Investment Group and the co-director of the Carlyle Asia Fund, X.D., a non-executive director of the Tai Bao Group and vice chairman of Tai Bao Life, Carlyle managing director Feng Junyuan is a non-executive director of the Tai Bao Group and a director of life insurance and insurance Company of its subsidiary. A person inside the Tai Bao life insurance company said that Carlyle introduced Baode letter, which has a good effect on the governance structure of Tai Bao life insurance. After the investment in life insurance, sent 3 to 4 personnel as the Tai Bao life insurance executives, has brought advanced ideas, but with the development of the Tai, the influence of foreign executives has become very limited.　　At the annual general meeting of the Kingpin last June, Carlyle directors sent only representatives to vote.　　Last May, a big-money authority told reporters that after the expiry of the ban, Carlyle as a financial investor, continue to remain unlikely. Among the buyers, Allianz's emergence made the market feel quite surprised. Has the Allianz Insurance of the two de and Allianz insurance companies in the mainland faced with the competition of multiple licences? An analyst analysis, the Allianz holding the big-holder equity is less than 5%, there is no control relations, the problem is not large.