Ping deep love into true new bridge net earn 9.2 billion red envelopes or directed additional 300 million H-shares

Every reporter Huang Huimin analyst said, if only the deep development of the private issue of not less than 370 million shares, but not more than 585 million shares, the impact on peace is not small, only equivalent to a sum of about 10 billion yuan equity investment.　　The market has been widely concerned about the determination of the deep development of ping an purchase finally baked! Today, China Peace (601318,SH) issued an external investment announcement, said that it will be 18.26 yuan per share of the deep development of the private issue of not less than 370 million shares, but not more than 585 million shares; Meanwhile, China Ping An shares of 22 yuan per share or equivalent H-shares to acquire new bridge investment held deep development 16.76% Equity.　　After the completion of the transaction, China Ping ' an will hold a deep development of nearly 30% stake in the deep development of the largest shareholder.　　Deep development also announced that after the completion of the transaction, Ping an holds no more than 30% of the bank's total equity shares, the new bridge will no longer as a deep development of shareholders. According to this calculation, the new bridge stake in the deep development of nearly 5 years will be at least a net profit of 9.235 billion yuan, gain more than 4 times times net income. The new bridge is likely to receive more than 7 times times the net income from the price of the new shares at the close of the suspension.　　Become the big winners in this deal. The new bridge was a windfall from the data show that the new bridge in 2004 about 1.235 billion yuan to acquire about 348 million shares of deep development shares, accounting for about 17.89% of the total capital of Shenzhen Development Bank, become its first major shareholder, and then after the deep development of the shares issued warrants, and the middle of 2008 sent Red shares, The new bridge holdings increased to about 520 million shares and maintained so far. After a rough calculation, the new bridge currently held 520 million shares of the cumulative cost of about 2.214 billion yuan, the cost price per share of about 4.25 yuan. and peace in the acquisition agreement promised cash payment of about 11.449 billion yuan, that is 22 yuan/share, equivalent to 5.18 times times the cost price.　　This means that if a takeover is taken, the new bridge will be successful and 4.18 times times more profitable. If the new bridge chooses to allow Ping an to issue about 299 million H shares as a bid for the deep development of shares, the closing price of Ping An H-shares in the previous trading day, HK $59.050/unit calculation,　　The market value of this part of the shares is about 17.656 billion yuan, excluding the cost of 2.214 billion yuan, which is equivalent to the new bridge if the price set can be nearly 7 times times the proceeds. Peace needs to use 18.1 billion ~220 million yuan Ping an notice said, Ping An, China Ping Life Insurance Co., Ltd. (hereinafter referred to as Ping An life insurance) subscribe for the deep development of the non-public offering of not less than 370 million shares, but not more than 585 million shares, each subscription price for the announcement before the date of 20 trading days deep development of the stock exchange, that is, 18.26 yuan per share At the same time, China Peace and new bridge investment on June 12 signed the "Share purchase Agreement", under the ownership of the deep development of 520 million shares, the new bridge investment rights in accordance with the agreement of the agreed option to require China peace all in cash 11.449 billion yuan to pay; or all of the new release of China Ping An 2.9900 million H shares paid.　　According to the calculation, China Ping An acquisition needs to spend the most money in 18.1 billion yuan ~220 billion. Ping An life insurance all the funds of this share subscription are derived from their own funds and liabilities for more than 20 years of liability reserves, etc.　　Ping An said, if the new bridge in accordance with the "Share purchase agreement" agreed to choose to demand peace all in cash, then the price of cash for RMB 11.449 billion yuan, all from the company's source of legal discretionary funds.　　For the deep development of Ping An purchase of private shares is lower than the market price, a Guangdong insurance industry analyst said the deep development in January's share price is less than 10, the current price has included the expectation of transfer of controlling rights.　　Ping-an or directional additional 300 million H shares currently, the new bridge as a deep development of the largest shareholder, holding a deep development of 16.76% of the shares.　　Ping An, according to the signed with Xinqiao on the deep development of the "Share purchase Agreement", the new bridge has the right to choose according to the agreement of the agreed to require all peace to be paid in cash, or all in the company's newly issued 299 million shares of H-share payment. To take the deep development stakes in the new bridge, China's Ping An board has considered the adoption of a bill on the targeting of additional H shares to specific targets. Ping An will issue 299 million shares in China.　　According to the insurance industry analysts said that the Chinese ping an H-shares before the suspension of the trading day of the closing price of HK $59.050/unit calculation, the share market value of about 17.656 billion yuan, more than China Ping An 11.449 billion yuan purchase of cash more than 6.207 billion yuan. Ping An announced that if the new bridge to choose to charge a stake in the price, it should be December 24, 2010 5 o'clock in the afternoon (Hong Kong time) before issuing a notice of payment, the choice of the price of the shares transferred to the right price. Ping An is to be placing and issuing the right price shares to the new bridge. When placing and distributing the shares, they will be credited to the full, in all respects with the other issued ping an shares in China, and may be listed on the stock exchange on the first trading day after the issue of the equity allotment and free trade.　　Analysts pointed out that the new bridge investment options to choose the way to pay for safe, depending on China's ping an price trend.　　China 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". No more than 30% avoid an offer to buy now, Ping An is holding a deep development of 4.68% shares. The total acceptance of the new bridge in the deep development of the shares, will hold a deep development stake of about 21.42%. Earlier, the market was concerned about the possibility of a safe shareholding ratio of 30% to trigger the takeover issue. In the announcement, Ping An said that prior to the completion of the transaction, Ping An and its holding company would take lawful and feasible measures to ensure that the deep development shares of its interests were not more than30% of the shares that were issued at that time. The analyst said that if only the deep development of the private issue of not less than 370 million shares, but not more than 585 million shares, the impact on Ping An is not much, only equivalent to a sum of about 10 billion yuan equity investment. In addition to the deep development of the first major shareholder of the new bridge holding a deep development of the current total equity 16.76% of the shares, but also only about 20 billion yuan equity investment. The market is interested in whether peace will be injected into the deep development to realize the dream of the integrated Financial Group.　　In that case, the meaning of peace would be far more than a simple equity investment. This newspaper recently interviewed a bank analyst, the analyst said that peace should not let the deep development of the market. The statement of China's Ping an "no more than 30%" shares proves this.　　Ping An successful acquisition of deep development, will certainly integrate Ping ' an bank and deep development, ping An bank into the deep development or the current consideration of the problem. The deep development will continue to supplement the deep development of the subsidiary capital through the private offering of 370 million to 585 million shares, Ping an life will become an important strategic investor in the bank.　　The issue price is 18.26 yuan per share, the total amount will be 6.7 billion yuan ~107 billion. After the release, the total number of deep development will increase to 3.475 billion ~36.90 billion shares, more than the total number of shares before the issuance of 11%~19%. Ping An is expected to hold a stake in the total stake in the 10.6%~15.9% (not including a total of 4.68% of the Deep Development shares currently held by Ping An group and Ping An in the two-tier market), pending the purchase of a new stake, but not to buy a stake in the bridge.　　The share of holdings will fall from the current 16.76% to 14.1%~15.0%. Deep development says the expected increase in core capital will significantly increase the bank's core capital ratios and capital adequacy ratios. Based on the balance at the end of March 2009, the core capital adequacy ratio and capital adequacy ratio will be increased 2.2%~3.5%, the core capital adequacy ratio is raised to 7.4%~8.8%, and the capital adequacy ratio is expected to rise to 10.7%~12.1%, exceeding the target of 10% per cent of the capital adequacy ratio set at the beginning of the year. Deep Development said that on the basis of this issue, the bank will also choose the right time to continue to enrich the subsidiary capital.