China Insurance International Premium 45.6% buy CAS holding institutions generally optimistic about the prospect of consolidation

Securities Times reporter Wu Jiaming the recent one-month suspension of China Insurance International (00966.HK) and the CAs Holding (01389.HK) finally in yesterday's reply.　　A joint announcement by two companies in late Friday said that the China Insurance International plan to acquire a 47.8% per cent stake in CAS Holdings.　　News of the two stocks after the rally, the rise of Qi Qi, including China Insurance International Rose 8.46%, closed to 14.1 Hong Kong dollar, the civil aid holding plate rose more than 55%, and eventually rose 45.56%, closing the price of HK $1.31. CAS Holdings will be announced in the privatisation announcement that the acquisition will be achieved in a non-cash manner, and China Insurance International will buy 47.8% of the CAs holding stake in the parent company, and in exchange for a 1 share of the international IPO in the 10 investor's stake, involving 139 million shares in the Sino-Security international shares. After the acquisition is completed, the shares held by the CAS holding will increase from 3.54% to 51.34%.　　In accordance with the closing price of HK $13.0993 prior to the suspension of international trading, the bid for the CAs holding per share is HK $1.31, a premium of 45.56% to HK $0.9 before the suspension. Two companies also said that after the completion of the privatization of the CAS holdings, the CAS holding shares will be delisted from the Hong Kong stock Exchange.　　The merger will create a larger platform in which the new company will be able to expand in the areas of insurance, insurance and reinsurance in Hong Kong and the mainland. The organization is generally optimistic about the prospects for consolidation the report was not satisfactory-although the 2008-year international insurance premiums and policy fee receipts increased substantially from HK $17.934 billion in 2007 to HK $25.0038 billion, an increase of 39.4% per cent year-on-year.　　However, due to the sharp decline in investment income, the expansion of its subsidiaries and natural disasters caused by the increase in compensation payments, 2008 years of international comprehensive loss of nearly HK $300 million. Analysts generally expect the company to pick up the cards from the HKEx in the fourth quarter of this year, and most have expressed optimism about the deal.　　Analysts said the stock performance of two companies yesterday had reflected investors ' optimism about the future prospects of both sides, although China-Paul International's share price will be short-term or will appear to vomit pressure, but the long-term performance is still optimistic. Credit Suisse advises investors to take a low share of the two share price weakness and maintain a rating of the "outperform market" for the China Insurance International, with a target price of HK $17.5. Citi also maintained a "buy" rating for the China Insurance International, with a target price of HK $17.08, a report by Dahua (UOB) that maintains a "buy" rating for the China Insurance International, The target price has risen from HK $13.84 to HK $14.5, and Dahua indicates that the acquisition will save a lot of costs for the insurance company of PICC, and that the deal will also bring good benefits.