Ping deep Love new version: Ping-An OR additional H-shares raise money

The market's concern about "flat deep love" is still in the fog. Yesterday, China's peaceful and deep development is still suspended.　　As of the eve of the press, China's peace and deep development has not yet been mentioned by the two sides of the "major issues" to be disclosed, but the market for two companies are likely to deal with the transaction is still under discussion and speculation, Ping an additional H-shares is the latest version of the deal.　　The method of merger and acquisition the share price and the deep development exchange of shares many analysts believe that the swap will make the acquisition process cumbersome, but some analysts believe that the swap can work. BOC International released its research report yesterday to analyse the possibility of the deep development of Ping an acquisition.　　Its analysts believe that if the acquisition in the form of a swap, the plan may be "safe to the new bridge directed the issuance of H-shares, and then the new bridge with the deep development of shares to buy H-shares, and eventually secure a deep development stake."　　Ping An special resolution was passed at a recent shareholder meeting that is, "grant the general authority of the Board to issue, allot and dispose of no more than 20% of the new H shares issued by the company, and authorize the Board to make such consequential amendments as it thinks fit in the articles of incorporation to reflect the new equity structure after the allotment or issue of shares". The first Venture research institute analyst not only agrees with the stock exchange purchase, and said that the stock exchange is the most favorable for peace.　　But the analyst also said that although the swap does not have to consider the cash flow problem, but is subject to two constraints, one is that there is no precedent for share purchase, on the other hand, may face greater policy resistance.　　Mergers and acquisitions way conjecture two deep development of directional additional + new bridge transfer Haitong Securities analysts said that first deep development to ping an directional additional, and then ping an capital stake in the new bridge is more likely.　　Oriental Securities analyst proposed more specific plan, assuming that 500 million shares of directional additional, plus the new bridge held 520 million shares, as well as Ping an currently held 140 million shares, then after the completion of the acquisition, Ping ' an is expected to hold a deep development 11~12 billion shares, equity ratio of about 30%, access to the deep development control. The Bank of China international analyst said that if the cash transaction, the possible way is to ping an issue of H-shares, the use of additional H-shares of cash to buy deep development of targeted new shares, and then the new bridge will be held by the sale of shares to peace. If so, Ping an would pay at least 10.4 billion per cent of the new bridge holdings.　　The analyst believes that the current cash is not very sufficient, the transaction may lead to peace of cash tight, peace needs to increase liquidity in the future to meet the banking and insurance business further expansion and development. Security analysts pointed out that Ping an recently passed a-share or H-shares of the lower probability of financing, mainly because a-share public refinancing has not yet started, and H-shares of the main obstacle to refinancing is "state-owned shares reduction." The analyst believes that if peace is involved in the deep development of additional or stock equity transfer of the source of funds are two, one is the group free funds, the second is the life insurance reserves.