Medium-color shares of 137 million yuan to buy more people's livelihood life insurance increase to 13.44%

After the increase of capital, people's livelihood life insurance increased to 2.7 billion yuan, will solve its solvency problem, while strengthening the capital strength of December 13 night, China Nonferrous Metals Construction Co., Ltd. (Shenzhen Exchange code: 000758, hereinafter called the color of the shares) announced that　　It invested 137 million yuan, subscribed to the Minsheng Life Insurance Company Limited (hereinafter called Minsheng Life) 130 million shares.　　The announcement said that the subscription price of 1.05 yuan per share (of which the issue cost of 0.05 yuan per share), after the completion of the subscription, the shares of Minsheng life insurance from the original 110 million shares increased to 240 million shares, the proportion of shares increased to 13.44%.　　Minsheng Life Insurance Company was established in Beijing in 2002, led by the China Federation of Business, 21 enterprises launched the establishment of 22 existing shareholders, Paid-in capital of 873 million yuan. Minsheng Life Insurance Main shareholders are: million to finance limited, China Pan Sea Holdings Limited, China Nonferrous Metals Construction Co., Ltd., Shanxi Haixin Iron and Steel Group Limited, Jiangxi Hui Ren Group Pharmaceutical Research Marketing Co., Ltd., Oriental Hope Group Co., Ltd., Sichuan New Hope Agriculture Co., Ltd., Beijing Telecom Economic Technology Development Company, Singapore Asia United Holding Co., Ltd.　　In addition, Minsheng life is one of the seven National Insurance companies directly managed by the China Insurance Regulatory Commission.　　The Minsheng Life insurance website says that after the completion of the increase, the registered capital of Minsheng life will increase to 2.7 billion yuan, which will solve its solvency problem and increase capital strength. In addition to the Chinese-color shares, another promoter, the Sichuan New Hope Agriculture Company Limited, also subscribed to the two-stage issue of the Minsheng life insurance shares.　　The new Hope on December 12 announced that the company in June this year, the first phase of the increase in the livelihood life insurance funds subscribed for 71.76 million shares, the second phase of the expansion of the share capital investment 75.348 million yuan, subscribed to 71.76 million shares, the current shareholding ratio of 7.54%. According to the CIRC, in 2006, Minsheng Life Insurance realized a total premium income of 1.143 billion yuan, which grew 75% from 2005 's 650 million yuan.　　January 2007 to October, the completion of the original insurance premium income of 2.298 billion yuan. December 13, the shares fell 8.11% to 33.20 yuan.