Huagui Life Insurance plans to increase its capital by 1 billion yuan, and Maotai will become the largest shareholder
Huagui Life Insurance
Maotai Group will replace Guizhou Financial Holdings as the largest shareholder of Huagui Life Insurance.
On December 19, Huagui Life Insurance, a local legal insurance company in Guizhou, announced that its registered capital would increase from 1 billion yuan to 2 billion yuan, and the total number of shares would increase from 1 billion to 2 billion shares.
The increased registered capital was subscribed by China Kweichow Moutai Distillery (Group) Co., Ltd. and newly introduced shareholders Guizhou Qiansheng State-owned Assets Management Co., Ltd. and Shenzhen Jiaxin Brilliant Investment Co., Ltd.
Among them, Moutai Group invested RMB 470 million to subscribe for 467 million shares. After the completion of this capital increase, it acquired a total of 33.33% of the shares of Huagui Life Insurance and became the largest shareholder.
Qian Sheng State-owned Assets invested RMB 386 million to subscribe for 383 million shares, holding 19.17% of the shares; Jiaxin Huihuang invested RMB 151 million to subscribe for 150 million shares, holding 7.5% of the shares.
After this capital increase, Moutai Group was promoted from the second largest shareholder to the largest shareholder, with the shareholding ratio increasing from 20% to 33.33%; the original largest shareholder Guizhou Financial Holdings ’s shareholding ratio dropped from 21% to 10.5%, relegating it to the third largest shareholder; new shareholder Qian Sheng State-owned Assets will hold 19.17% of the shares, becoming the second largest shareholder; Jiaxin Huihuang and Huakang Insurance Agency Co., Ltd. each hold 7.5% of the shares, tied for the fourth largest shareholder.
The official website shows that Huagui Life is a national personal insurance company established in February 2017 with the approval of the original China Insurance Regulatory Commission. The company's initial registered capital is RMB 1 billion, and its headquarters is registered in Gui'an New District, Guizhou Province, a national-level new area.
Changes in equity ratio of Huagui Life Insurance before and after capital increase
