New-stock new bridge, or directional additional

Yesterday, there have been several times involved in the acquisition rumors of the deep development and China Ping An shares suddenly announced suspension, heavy trading rumors immediately spread. Market news means that Ping An is planning to become the largest shareholder in China through various means including stock exchange and directional issuance, in order to complete its strategic layout of expanding its commercial bank business.　　Reporters were informed by a variety of sources, the current China peace, deep development and new bridge investment in the relevant equity trading negotiations, but so far there is no definite plan. Do not want to be named deep development of the head of the head of the press revealed that the current news shows that peace is likely to be first with the new bridge into a deep development of the largest shareholder, and then deep development and further to ping an directional add to increase its share ratio.　　But deep development and peace yesterday declined to comment.　　A deep development head of the bank, who may be involved in a tripartite deal, said to reporters that the deal involving China's peace, deep development and the new bridge is under negotiation and that there are still variables that cannot be finalized. The three-party deal is likely to be divided into two steps, according to reporters.　　First, there will be a swap agreement between Ping An and the new bridge in China. Ping An will use its own equity and the new bridge in the hands of the deep development of the stake in a certain price swaps, to become the first major shareholder of the deep development, then, deep development and further to ping an directional additional, further enhance the peace in the deep development of total equity ratio, in order to achieve the purpose of "Peace and new bridge swap may also be through the way of directional additional, the news from Ping An headquarters is that the three parties are negotiating on this, the specific share and the plan is still unknown."　　"The deep development Personage said to the reporter. Shenzhen development Secretary Xu Jin declined to comment on the proposal yesterday afternoon when he was interviewed by reporters.　　China's Ping An has also said no comment, and all the announcements shall prevail. The 2008 Annual report shows that the new bridge capital is currently the largest shareholder in the deep development, holding 520 million shares of deep development has been issued shares, accounting for the total share of 16.76%.　　June 20 last year, the first 104 million shares of the new bridge expired ban, the next batch of 136 million restricted shares will expire this month 20th expires, the last batch of 181 million shares will expire next June 20. Reporters noted that two companies yesterday issued a notice of suspension, the wording is quite subtle. Deep development in the temporary suspension notice said, because the company is "planning major issues", apply to SSE to suspend business since yesterday, and will be issued before June 13 after the relevant notice to return to the licensing; the Ping an HKEx announcement said the company's shares would be suspended from the opening of yesterday to "issue the announcement of possible transactions, It may contain a number of price-sensitive data. "Peace, deep development of each other yesterday, a number of respondents told reporters that the two sides at the moment the rumors of a deal is not groundless. The banking business has always been a strategic breach of peaceful attempts to make significant progress, and Ma's commitment to "make banking a pillar of the group within 10 years" is still in the ear, and the acquisition of a bank is a shortcut to a strong banking business. And in fact, peace also hangs over the deep developmentIt has been a long time since the two sides failed to discuss the issue of price transfer.　　And the acquisition of rumors again burst, coupled with rumors of the two leading actors in a consistent suspension of time and reason, further increase the likelihood of two knot. A senior insurance analyst, who declined to be named, told reporters that the rumours of a deep development in Ping An acquisition were "understandable" but "unexpected".　　It said it would be willing to try to buy a bank in accordance with the established strategy, but the rumor seems to have no direct meaning to all parties involved in the deal. "If the acquisition is successful, it must be one of the steps in a strong banking strategy." But it's been seven years since Ma's bank became a pillar. And with the current situation look at this time the acquisition of deep development is difficult to hold, even if you can use the channel advantage of each other to carry out deeper business cooperation, but if you can not intervene in the operation, so much trouble to carry out the acquisition does not have much significance. "Simple swap or issue is not feasible for Ping An acquisition of the deep development of the method, the market a lot of speculation."　　The stock exchange has become the most popular way of buying rumors. But the analyst analysis to reporters, if simply to swap the way to complete the transaction is not necessary to all parties. "On the one hand, the new bridge should be set up, exit the deep development, he wants the income of financial investment; On the other hand, deep development to finance, he wants real gold and silver." If the swap, it must be peace and the new bridge agreement between the bargain, but in this case, the new bridge and deep development can not get the cash, this is a violation of the two sides of the demand plan. Wang, senior analyst at Oriental Securities, told reporters that deep development may be directly to China Ping An directional additional to complete the transaction, referring to similar transactions in the past, it is speculated that the depth of the development of directional additional scale may be 1 billion shares. "If the directional additional 1 billion shares, according to 18-20 yuan per share price and, the directional additional need capital in between 18.02 trillion yuan, and ping An group 08 end of May use the fund approximately is 20 billion-25 billion yuan, therefore the fund aspect is not the question." "But Wang believes that according to this plan Ping an group can eventually hold a deep development of 25%-30% stake, but further increase the proportion of equity is a certain degree of difficulty."　　And with this shareholding ratio, Ping An will be integrated into the deep development of Ping An bank, it is difficult to imagine. "In addition to the 20 billion-25 billion cash at the end of the year, the parent company's shareholder equity assets are quite readily realizable," he said. But Ping an is clearly not going to take all the cash to subscribe to a deep development stake, and it is not holding up.　　"A previous analyst told reporters very positively.　　In this case, the first change of the stock and then directed the additional scheme to all parties may have a certain temptation. For peace, through the replacement of the new 16.76% stake in the new bridge after the further development of the 25%-30% equity, its share in the deep development of the share will rise to 40% to 50%; for deep development, the targeted additional funds raised to its current 5.27% The core capital adequacy ratio will undoubtedly accumulateThe only thing that can't be satisfied is that the new bridge investment, through the exchange of shares and can not directly achieve the financial investment income. "This problem should be solved well, peace in the exchange of shares to give the new bridge held a certain premium, or the exchange of cash subscription with the way to operate." "The former said that the deep development personage told the reporter.　　Analysts surveyed yesterday also predicted that if market rumours were true, the way in which the parties would eventually reach a deal might also be to operate in a way that swaps and cash subscribe. Our correspondent Roark Guan Lin