M & A Ming An insurance settled HNA curve layout financial landscape

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  • / Author: Aaron Lewis
In November 5, 2010 the 05:12 source: Securities Daily

Ming An insurance (China) Co., Ltd. ("Ming An insurance") equity transfer one thing settled. After 20 days of the auction, six enterprises to Haikou Meilan International Airport limited liability company led to the price of 1541300000 yuan for the Ming An insurance all equity.

It is understood, the 6 enterprises in 4 and HNA Group holding or relationship, the personage inside course of study thinks, this one fell swoop for HNA Group Financial territory to the next city, under the covers, insurance funds, futures, securities, finance companies, financing guarantee, factoring and other financial services. The Taiping Insurance sold by the Ming An insurance, won more than 900000000 yuan of income.

Buyers sea surface

In September 21, 2010, the Ming An insurance listing Tianjin Property Trading Center, all rights to sell its China matters publicly listed transactions, Project No. 1201CSW20100916001, publicly traded from September 21st to the end of October 25th, looking for buyers to nearly 20 working days.

Prior to the listing, there is news, HNA Group to the China Insurance shizaibide. In October 29th, the Ming An insurance before the big shareholders China Pingan Insurance announcement said, the ultimate buyer is composed of 6 enterprises consortium, including Haikou Meilan International Airport Co. Ltd., Bohai International Trust Company Limited, Shanghai Hengjiameilian Ningbo Yunsheng Co., (600366, shares) import and Export Co., Ltd., Shaanxi Dongling Industry & trade group Limited by Share Ltd and Jindaxin with Company limited by guarantee, to buy shares accounted for 20%, 20%, 20%, 20%, 15% and 5%.

After the completion of the transaction, China Taiping will no longer have any rights of the Chinese, be smoothly done or easily solved the mainland dual license plate problem, will focus on the Pacific Insurance in property insurance business. The expected transaction can bring about 924780000 yuan of profit before tax for Chinese taiping. The China Insurance Regulatory Commission according to the latest data, the first three quarters of this year, the Chinese premium income of 1223000000 yuan, a year-on-year increase of 30.38%, and try for a strong space.

It is understood, Haikou Meilan International Airport and Bohai International Trust for HNA Group Holding Companies, Shanghai Hengjiameilian and Shaanxi Dongling Industry & Trade Group for HNA HNA Associate Company, through the four enterprises, basically control the new Ming An insurance company.

In fact, the HNA Group began to get involved in the financial industry is in a few years ago, according to the industry to the financial layout. In 2009 March, the sea, and Shin Kong Life (601628, shares) insurance Limited by Share Ltd formed a joint venture registered capital of 500000000 yuan Xinguang HNA life insurance co.. The insurance company, operation of life insurance, health insurance and accident insurance, and reinsurance business. Once the dust settles HNA merger, a new club Hainan Airlines will have an insurance license homeopathy, which means that the two major insurance companies to shin and people as the representative, the personage inside course of study thinks, the Ming An insurance under the purview of the cooperation, HNA, one body two wings, entered the high speed development road.

Princes for HNA enters the insurance market

Money newspaper shows, Ming An insurance revenue last year was 1095000000 yuan, up to the end of last year, the company's total assets of 1996000000 yuan, the rights and interests of the owners of 617000000 yuan, after evaluation, Ming An insurance 100% assessment of equity price is 1502000000 yuan, the transfer of listing price slightly higher than the assessment price. Taiping Insurance through the transfer of the insurance revenue is expected to reach 924780000 yuan.

In 2010, the Ming An insurance (China) Co., Ltd. performance compared to the same period last year has greatly improved. The first half of the China gross written premium of HK $905000000, an increase of 24.3%; net loss of HK $42270000 to HK $40460000, drop compared to the same period.

With V - shaped reversal insiders, to describe the fire raging property market, and the V dynamic potential reversal to attract more capital into the property market, have. The conventional capital play is the control of insurance company through acquisition or investment way.

For example, Sinopec, China Southern Airlines, Chinese aluminum, Chinese Sinotrans Changhang, Guangdong electric power, the real estate and other large enterprise groups, investment insurance group; another example, business group in Zhejiang Province, Zhejiang province energy group, Youngor (600177, shares) group, CHINT group and other companies jointly launched the Zheshang insurance.

The Ming An insurance in the recent listing of property rights exchange to Tianjin, the major funds, investment banks and enterprises are competing, a person close to the HNA said, Hai Hang is the most valued path Ming An insurance strong potential energy and steady development, low-cost expansion, and through the Ming An insurance curve into the insurance market segmentation, huge market opportunity space. Yesterday, Tianjin property exchange relevant responsible person said in accepting the "Securities Daily" reporter the interview, always look good Tianjin Ming An insurance listed property trading center, listing 20 days, on how many enterprises interested in.