Deep development to ping an life-oriented additional permitted

Ping An, China (601318) issued a notice, the deep development of the Securities and Futures Commission received the approval of the SFC on June 28 to approve its private issue of shares to ping an life insurance.　　This reply is valid for 6 months from the date of approval of the issue.　　The bank will be 18.26 yuan per share of the price to ping an life-oriented additional 379.58 million shares, the total amount of fund-raising up to 6.93 billion yuan. After the release, the total number of deep development shares will be increased from 3.105 billion shares of 3.485 billion shares, of which ping an shares from 145,328,248 to no more than 524,908,248 shares, the proportion of the total shares of up to 15.06%; plus China's peace and new bridge investment "swap"　　After holding a total of 520,414,439 shares in the deep development stake, China Ping An and its affiliated companies will be raised to no more than 1,045,322,687 shares, and the stake will rise further to nearly 30% from 21.44% before the private offering, but will not trigger an offer.　　If the audit through the targeted issue of the total number of issued shares, deep development of the total amount of capital raised up to 6.931 billion yuan.　　Deep development indicated that China Ping ' an as a strategic shareholder will be helpful to support the bank in financing capacity, business innovation, customer base and basic platform, and so on to a higher level. In addition, the core capital adequacy and capital adequacy ratios of the bank will be increased to 7% and 10% per cent respectively, in accordance with core capital, net capital and weighted risk asset balances at the end of the first quarter of 2010, upon completion of the maximum amount issued,　　In line with the Banking Regulatory Commission on medium-sized joint-stock commercial banks capital adequacy level of the latest requirements. The bank said the replenishment of core capital was critical to its next stage of development, and the bank would then step up its efforts in the areas of distribution, quality loan delivery and new business promotion. At the same time, the bank is moving forward with its first major shareholder and its affiliated companies to cooperate in the business, through innovative, professional means and channels to explore the cross-selling of the multiple win business model to promote the bank in the provision of comprehensive financial services comprehensive capacity.