Insurance funds with thick eyebrows and big eyes China Life Insurance has also invested heavily in the 100 billion-level Chinese medicine giant: Yunnan Baiyao !
htmlOn the evening of June 14, Yunnan Baiyao announced that the company's tied with the largest shareholder, Yunnan State-owned Equity Company introduced China Life Asset Management Co., Ltd. (hereinafter referred to as "China Life") to increase its capital by 9 billion yuan. After the capital increase is completed, China Life holds 24.79% of the shares of Yunnan State-owned Equity Company. The actual controller of Yunnan Baiyao is still the State-owned Assets Supervision and Administration Commission of Yunnan Province, and there has been no change.According to the share price of China Life Insurance, the corresponding valuation of the state-owned equity company in Yunnan Province is 36.3 billion yuan. Tianyancha shows that Yunnan State-owned Equity Company only holds one company in Yunnan Baiyao, with a shareholding ratio of 25.03%. Without considering other factors, if you simply consider it, China Life Insurance's shareholding will have a valuation of 145 billion yuan; this is a 45% premium to Yunnan Baiyao's current market value of 100 billion yuan.
China Life Insurance invested 9 billion yuan in Yunnan Baiyao
Yunnan Baiyao announcement that the company received a "Notice Letter" from Yunnan State-owned Equity Operation Management Co., Ltd. (Yunnan State-owned Equity Company), the company ranked first in June 13, and learned that the controlling shareholder of Yunnan State-owned Equity Company Yuntou Group , with China Life and Yunnan State-owned Equity Company, signed the "Yunnan State-owned Equity Operation Management Co., Ltd. Capital Increase Agreement" on May 26, which stipulates that China Life Insurance will increase its capital by 9 billion yuan in cash to Yunnan State-owned Equity Company, with a capital increase of 24.79%. After the capital increase, the equity structure of Yunnan State-owned Equity Company is that Yuntou Group holds 75.21% of the shares and China Life Insurance holds 24.79% of the shares. On June 13, the state-owned equity company received its first capital increase.
This increase in capital of China Life Insurance on Yunnan State-owned Equity Company will not affect the participation of state-owned equity companies as shareholders in corporate governance, and will comply with the various commitments made by the state-owned equity company as a shareholder, and will not have an impact on the company's financial status and production and operation.
announcement stated that the actual controller of Yunnan Baiyao Company is Yunnan Provincial People's Government State-owned Assets Supervision and Administration Commission , and there will be no changes.
day eye check shows that Yunnan State-owned Equity Company was established on June 21, 2019 and holds 25.03% of the shares of listed company Yunnan Baiyao. Its business scope is to hold and manage state-owned equity; investment, operation and transfer of equity (including listed company equity).
Netizens are optimistic: it is conducive to the development of Baiyao
Yunnan Baiyao's operating income in the first quarter of this year was 9.43 billion yuan, a decrease of 8.7%; net profit was 914 million yuan, a year-on-year increase of 19.81%. The performance in the first quarter was average. The stock price has fallen 24% this year.
The news of China Life Insurance's investment in the stock bar also sparked discussion among netizens. Some netizens said that it is good and conducive to the development of Baiyao, which shows that insurance funds are optimistic about Baiyao. As of the end of the first quarter of this year, Yunnan Baiyao had 154,500 shareholders.
This article is from China Fund News
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