Everbright Group plans to invest in all state insurance due diligence starts today

Just from the long-term shareholder dispute out of the State Property Insurance Co., Ltd. (hereinafter referred to as "all state Insurance"), is expected to usher in new strength shareholders.　　"First financial daily" from the relevant channels to learn the exclusive, recently Everbright Group and the state insurance signed the equity strategy investment Letter of intent, due diligence will be launched today. Everbright "See" are known, February 24, Jilin Municipal People's government and China Everbright (Group) Corporation (hereinafter referred to as "Everbright Group") in Jilin province Changchun signed the "Strategic cooperation Framework Agreement" and "all State insurance equity Strategic Investment cooperation Letter of intent".　　Everbright Group executive Director, general manager Rozev and executive director, deputy general Manager She Zhichun rate Everbright Team related personnel attended the signing ceremony. Jilin is the registered seat of the state insurance.　　Zhang, mayor of Jilin City, said at the signing ceremony that the reform of the shareholding of the state insurance is the first step of the strategic cooperation between the Jilin Government and Everbright Group, hoping that the strategic cooperation Framework Agreement will be signed as an opportunity to seek cooperation with Everbright Group in a wider field. Everbright Group intends to make strategic investments in all state insurance, according to a person familiar with the matter.　　At present, only in the strategic investment cooperation intention stage, the share price, the participation ratio, is to take the directional additional or the existing share transfer, must wait for the state insurance to complete due diligence, can be negotiated. According to the briefing, the Everbright Working Group will be stationed in all state insurance today, carrying out a 60-day due diligence, "mainly for the financial situation of the state insurance and regulatory system construction and other aspects of due diligence."　　The person said. Everbright participation in all state insurance such as smooth, then Everbright Group will form a "one-life" insurance pattern. July 30, 2009, Everbright Group announced a strategic cooperation agreement with the Canadian Sun-Sun Financial Company, the joint venture company Everbright Life Relocation, and increase the capital to 3 billion yuan. July 20, 2010, the CIRC approved the restructuring plan Everbright, Everbright Group to 50% of the shares to achieve Everbright control, Everbright life change as a Chinese insurance company.　　Another large financial group-CITIC Group has long been the formation of a "one-life" insurance pattern, under its security and Fidelity life insurance. Stock rights reorganization in 2006 since the start of the expansion plan, since the parties to the stalemate, the state insurance equity dispute has been deadlocked for a long time, has not progressed.　　The capital increase plan is difficult to implement, the solvency adequacy ratio of all state insurance companies is seriously insufficient, and is under the warning line for a long time. November 24, 2010, the state insurance held a provisional general meeting of shareholders passed the share transfer resolution, 10 of the southern shareholders agreed to transfer all the state insurance shares to the Jilin Golden Eagle Investment Limited Liability company, Jilin City Hao Group Industrial Co., Ltd. and Jilin Heng Zheng Investment Management Co., Ltd. three Jilin state-owned enterprises, The total value of more than 1.3 billion yuan.　　After the completion of the reorganization of equity, the state-owned shareholders of the 19 shareholders of all state insurance have taken a controlling position, and the state insurance has become an insurance company with the background of state-owned enterprises. The long-standing equity dispute settledAfter, for Everbright Group's proposed strategic stake in the state insurance, a number of state insurance people said that this for the future development of the state insurance is a good thing. Last year, the state insurance for the first time to achieve profit, to achieve a net profit of 126 million yuan, the year to achieve a premium income of 3.576 billion yuan.