China Life shot another 2 billion in insurance capital in September, why does it favor this stock
Posted On 03/23/2020
China Life shot another 2 billion in insurance capital in September, why does it favor this stock
Source: e Company China Life continued to increase its holdings of Wanda Information (300168).
On the evening of September 12, Wanda disclosed that the company had received a notification letter on the increase in holdings of China Life related accounts entrusted to it by China Life Assets, a shareholder holding more than 5% of shares, on the same day.
The letter shows that China Life Insurance with its “China Life Insurance Co., Ltd. — Traditional — General Insurance Products — 005L-CT001 Shenzhen” account entrusted by China Life Asset Management on September 9, 2019, September 10, 2019, 2019On September 11, 2009 and September 12, 2019, through the Shenzhen Stock Exchange’s centralized bidding, bulk trading methods increased the company’s shares by 99.
990,000 shares, 659.
64 million shares, 1320.
370,000 shares, 164.
720,000 shares, each accounting for 0 of the company’s total share capital.
15%, accounting for 2% of the company’s total share capital.
After this increase, China Life and its concerted parties held a total of 1.
6.2 billion shares.
The announcement shows that the price range for this increase is 12.
79 yuan / share, the increase in holdings cost about 2.
9.7 billion yuan.
In the past 9 months, China Life Insurance and its concerted parties obtained 14% of Wanda Information’s total share capital by increasing holdings and assigning shares.
77% of the shares cost about 2 billion yuan.
Speaking of the goals and plans to increase shareholdings, China Life stated that based on confidence in the long-term development potential of the industry and the company; China Life and its concerted parties do not rule out the continued increase in shareholdings in the company in due course within the next 12 months.
“Buy, buy and buy” all the way in the past 9 months. According to the Securities Times · e company reporter, this round of China Life’s holding of cards and increasing its holdings of Wanda Information began more than 8 months ago.
At the end of 2018, China Life established an “China Life Assets-Phoenix Series Special Product” account with a target capital of 20 billion U.S. dollars, alleviating the financial pressure of bail-out listed companies and participating in resolving the liquidity risk of high-quality listed company stock pledge.
On December 27, China Life Assets passed the account and refused to invest.
US $ 32.5 billion, 55 million shares of Wanda Information were transferred from Marriott Investment through agreement transfer, accounting for 5%.
0025%, for the first time touching the placard line.
The route for China Life and its concerted parties to increase their holdings of Wanda Information is now open.
As of April 4 this year, Wanda Information disclosed that China Life gradually increased its holdings 3 from March 27 to April 4.
98.5% of the company’s shares. After this increase in shareholding, China Life and its concert parties held a total of 8 shares of the company’s total share capital.
As of June 23, Wanda Information’s controlling shareholder, Marriott Investment, the actual controller Shi Yibing and China Life also signed a conditional “share transfer agreement”, stipulating that Marriott Investment and other transactions should be a minority to China Life.
The price agreement of 44 yuan transferred 55 million shares of the company’s non-restricted shares, with a total price of 7.
94.2 billion yuan, accounting for 5 of the company’s total share capital.
Prior to the transfer, China Life held a total of 10% of the company’s total share capital.
If the transfer is completed, the information held by China Life and its concerted parties on Wanda will reach 15.
018%, is the largest shareholder.The shareholding ratio of Shi Yibing, chairman of Wanda Information and executive director of Marriott Investment, and those acting in concert with them will decrease to 13.
7751%, the actual controller will be changed from Shi Yibing to no actual controller.
However, at the close of the door, the equity transfer plan ended unexpectedly.
On July 23, China Life disclosed the “Announcement on Terminating the Agreement to Transfer Wanda Information Shares”, but the equity transferor was unable to reach the terms of the Equity Transfer Agreement and the agreement was terminated.
At that time, China Life also stated to the outside that based on the stable prospects of strategic cooperation between the two sides, “the future does not rule out the increase in holdings of Wanda Information through other means.”
China Life has never resigned, and today, more than a month later, its shareholding in the company has risen to 14.
77%, directly approaching the largest shareholder, Marriott Investment, currently 18.
37% shareholding; even during the increase (August 4th), all the shares held by Marriott Investment and Shi Yibing were judicially frozen and did not shake their idea of continuing to increase Wanda’s information.
China Life’s accurate bottom-sweeping, Wanda Information soared 60% from April to early August this year, Wanda Information has been in the downward channel.
What’s even worse is that on August 4, Wanda Information announced that on August 4, 2019, it had received a notification letter from the listed company’s controlling shareholder Marriott Investment and the actual controller Shi Yibing and passed China Securities Depository and Clearing Co., Ltd.The company’s Shenzhen branch made a system inquiry and learned that all the shares of Wanda Information held by Marriott Investment and the actual controller Shi Yibing were frozen by the law.
Subsequently, from August 5th to August 6th, the company continued to fall continuously.
However, since August 6, Wanda Information has emerged from a wave of strong rebounds, which has surged by about 60% in the past month or so.
It seems to be true that on August 6, China Life surpassed the lowest range and made a precise bottom.
Increased holdings by way of centralized bidding.
80,000 shares, costing over 2 million.
It was also on the evening of August 6 that Wanda Information released the “Simplified Report on Changes in Equity”, and its announcement showed that China Life and its concerted parties increased their holdings of Wanda Information shares 5497 through the secondary market.
250,000 shares, gradually increasing the share holdings of the total equity of Wanda Information 5
At this point, China Life and its concert parties have held Wanda Information10.
The intention is to integrate technology and business resources so relentlessly, and has gradually rejected billions of trillions to increase holdings of Wanda Information, what is China Life plans?
This point has been answered in detail in the “Share Transfer Agreement” of the daily report on June 23: Based on the analysis and judgment of Wanda Information and its industry, and full demonstration, China Life intends to obtain part of the equity of Wanda Information through this transaction and make full use of resource integration.Capabilities to further enhance Wanda Information’s comprehensive competitiveness in the field of integrated information services, improve its industry level, and enhance the profitability and risk resistance of listed companies.
At that time, China Life stated that if the transaction was completed, China Life would integrate Wanda Information as the main platform to integrate technology and business resources in the medical and health, smart cities, cloud computing, big data and other business areas.
First, in the field of medical and health, relying on China Life’s business resources and the technical capabilities of listed companies, strengthen the business cooperation between the two parties, improve the technological level and service capabilities of both parties in medical insurance technology and health technology, and better serve the reform of the national medical system.
Secondly, in the field of smart cities, relying on China Life’s long-term government experience and comprehensive technical capabilities of listed companies, the company will expand its presence in areas such as China Netcom, Citizen Cloud, Urban Brain, and Urban Security, and further enhance the smart city information business of listed companies.Comprehensive competitive strength.
Public information shows that Wanda Information, established in 1995, is a leading domestic smart city leader, relying on more than 20 years of industry experience in the urban field, and has been used in smart cities such as health care, livelihood security, government management and services, and safe cities.More than ten key industries have formed accumulation and precipitation, and have the most comprehensive coverage of smart city industries.
Among them, since the company entered the medical and health 四川耍耍网 field in 1997, after more than 20 years of development and accumulation, it has established a comprehensive software and data platform service capability in the three medical fields of “medical, medical insurance, and medicine”, providing more than 6 billion people.Medical health services, of which the health records of 500 million people have been digitalized; specifically in the field of medical insurance, the company’s real-time settlement, off-site settlement, and medical insurance control fees and other business systems cover 10 provinces and cities across the country and more than 30 citiesMore than 100 co-ordinating areas serve the whole country3.
500 million people.
In the pharmaceutical field, the company has undertaken the construction of a national drug clinical trial management platform at the national level, as well as an integrated platform for Shanghai’s 南京夜网 recruitment, procurement and distribution (4 + 7 belt volume procurement platform), a provincial core platform.
At the same time, as the operator of the city’s public service platform, the company continues to promote the construction of the core business system of the smart city. The company’s pioneering CRP model of the city’s integrated system leads the country and has a unique competitive advantage.
From the perspective of performance, the semi-annual report disclosed on August 27 shows that in the first half of 2019, the company promoted strategic upgrades around the three keywords of “connection, integration, and intelligence”, and related main business achieved rapid growth.
The company further promotes the integration of smart cities such as citizen cloud, enterprise cloud, government cloud, and urban big data centers on the basis of creating excellent products in key urban systems such as medical care, people’s livelihood security, safe cities, smart government affairs, market supervision, science and technology, environmental protection, and education.Construction and operation of the platform.
At the core of the report, the company achieved operating income11.
4 percent, an increase of 13.
However, the company’s previous net profit attributable to shareholders of the listed company was 3749.
600,000 yuan, at least 51 a year.
Talking about the preliminary results of the decline in performance, Wanda Information is mainly summarized into three points: 1. Due to the macro-environment of deleveraging, the company actively reduced the business scale of its wholly-owned subsidiary, Sichuan Hot, and the report estimated that Sichuan Hot’s revenue decreased by 3785.
940,000 yuan; the report pointed out that Sichuan Haote net profit is available for 2329.240,000 yuan; 2. Number of reports, non-recurring profits and losses of 1308.
210,000 yuan, a decline of 2687 per year.
RMB 640,000; 3. Net increase in depreciation and amortization was 2301.
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