Pacific Aetna shares

China's Tai Bao 28th announced that it will be to the construction Bank, China Life (Taiwan), Construction Bank investment, Shanghai Jinjiang and Shanghai Hua Xu Transfer Company held Pacific Aetna 1%, 19.9%, 19.35%, 4.9% and 4.85% of the shares, the total transfer price of RMB 950 million yuan.　　After the deal is completed, the Chinese kingpin will not hold any stake in Pacific Aetna. Analysts believe that the sale of Pacific Tai Tai is to avoid competition, which in its share prospectus is a promise, so the sale of the Kingpin does not have much impact. And the construction bank will eventually 51% of the equity holding Pacific Aetna.　　After the completion of the transaction, Pacific Aetna is to be renamed as Jian Shin Life Insurance Co., Ltd. The announcement shows that Pacific Aetna is engaged in life insurance business of Sino-foreign joint ventures, registered capital of 800 million yuan. This November, the Tai Bao will be held by the Pacific Aetna 50% stake through the Shanghai Joint Equity Exchange listed transfer. Led by China Construction Bank Limited (CCB), Chinese Life Insurance Company Limited (Taiwan), China Construction Bank Investment Co., Ltd. (Construction Bank Investment), Shanghai Jinjiang International Investment Management Co., Ltd. (Shanghai Jinjiang) and Shanghai Hua Xu Investment Co., Ltd. (Shanghai Hua Xu) of the joint mission to the Shanghai Joint Equity Exchange submitted the application, and the Shanghai Joint Equity Exchange recognized as qualified by the assignee. On December 27, 2010, the Kingpin signed the Agreement on property transactions with a joint assignee of the above-mentioned licensee.　　The final completion of this transaction has yet to be approved by the relevant regulatory authorities. Pacific Aetna is established in 1998, Sino-Foreign joint venture insurance company, its initiator shareholder for the Tai Bao and the United States Aetna Insurance. After ING (the Dutch Insurance International) acquired the United States Aetna International Business, and the Tai Bao Group, respectively, holding 50% stake in Pacific Aetna. Earlier, CCB has signed an equity transfer agreement with ING, taking over half of the Pacific Aetna stake.