Tian Mao Group to increase capital and expand shares of two insurance companies approved

Tian Mao Group (000627.　　SZ) today announced that the balance car insurance company and the Guohua life insurance companies to increase the share of the plan was agreed by the CIRC, which means that the days of Mao group sitting car, shou two insurance licences become a reality. As early as April 30, days of the group through the General Assembly resolution, decided to the balance of Automobile Insurance Co., Ltd. and Guohua Life Insurance Co., Ltd. to increase capital shares, the increase in capital of 80 million yuan and 40.08 million yuan respectively, thus holding two companies 20% of the equity.　　China Insurance Regulatory Commission approved yesterday, agreed to the above two companies to increase capital expansion plan.　　At this point, Days Mao group became the first big (side) of the balance car insurance, become the first major shareholder of Chinese longevity. More to the market concern is that the real control of the days of Mao group is Shanghai Rich, well-known capital operation Master Liu. The new Liu Group with 23.78% Equity holding days Mao Group, grasp the new rationale for 83.6% stake in the company only about 19.88% of the equity will be in the hands of the days Mao group, with only about 3.98% of the equity on the balance of car insurance is one of the behind-the-scenes decision-makers.