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Long-standing rumors of the People's Insurance Investment surface. June 25, Wen-hua of the media (000,793) and the New Huangpu (600,638) Notice that the actual control of China and China who smell Investment Holdings Limited (Holdings Wen-hua) changes in equity, human capital investment, the People's Daily, Shenzhen respectively in the sea 55% shareholding, 25% and 20%.

At this point, along with holding Wen-hua," New Main "strong intervention, China Overseas Holdings Limited (Sino-overseas, 0688.HK) into the Kingdom of the New Huangpu create a financial dreams dashed temporarily.

New Huangpu assets to be divided into

Relationship share settled, the next Board of Directors of the shareholders of the seats will change with the reorganization. It is reported that the three controlling shareholders in China to hear the Board of Directors of the seats in 3:1:1 ratio. After the completion of the restructuring, Wen-hua, chairman of the holding of two and vice president will come from the People's Insurance Group.

In fact, to participate in the restructuring of the People's Insurance and investment in Shenzhen in the sea, the real control of the two sides are in the People's Insurance Group and overseas.

" Re-China People's Insurance Group Holdings originally wanted to hear to hear China's minority shareholders holding together broad-based, but by the People's Insurance Group, a wholly-owned holding of direct investment in restructuring PICC Holding Wen-hua. "Insiders in overseas , Said to reporters.

" In fact, as early as April, the People's Insurance Group, in China and overseas to hear the actual holdings of the controlling party the People's Daily has reached a restructuring agreement. "Informed sources revealed to reporters.

He also disclosed that the holding of assets in China, Wen division, China's media to hear the media assets to the People's Daily, the reorganization of New Huangpu Real Estate's financial assets and shareholders still holding the ratio of survival.

" New Huangpu's a lot of real estate and financial assets that do not yet have the results of final disposal, but the People's Insurance Investment Holdings Wen-hua ultimate holding 55%, making it the Huangpu actual controller, high-quality assets in the area will be divided into With more voice and control. "Informed sources said the above.

In fact, Wen-hua for holding the two shell companies, People's Insurance Group and overseas in New Huangpu or more coveted. It is understood that the New Huangpu owned securities, funds, futures and trust a total of 4 of the financial license.

Although the People's Insurance Group eventually a lot of Huangpu's financial assets, but not in overseas nothing. According to public information aspects of the Huangpu financial assets in the country's yuan will be the ultimate trust in overseas direct control.

" Select country yuan Trust, is the People's Insurance, People's Daily and China Shipping result of tripartite consultations. "Informed sources said the above.

According to the country

million people within the Trust, State Trust yuan is currently sufficient capital, has been made in the new financial license and a good income in 2007.

Some analysts said that his country yuan in overseas trust, instead of considering the development of real estate finance to do with the cause.

" Prior to this, real estate financial trust (REITs) has been a lot of heated discussions, and the future of REITs is the room rate research and development of real estate financial direction of the country to obtain the trust yuan, to allow the development of REITs in overseas accounts had a head start. "

In addition, the reorganization of holding Wen-hua, who have a lot of overseas Chinese. It is understood that overseas Chinese have been repaid more than 500,000,000 yuan Wen-hua holding the balance due.

People's Insurance Group, China entered the smell after holding on in this overseas investment, Wen-hua holding internal sources, has invested in overseas funds, the People's Insurance Group, a commitment to full compensation.

The Kingdom of financial

broken dream

From 75% to 20%, the proportion of the figures behind the smaller, is carried in more than a year overseas," Wen Hua line "on the other twists and turns of the rough.

March 15, 2007, Shenzhen in the sea and re-signing of the People's Daily China Holdings heard of the" framework agreement. " According to the agreement, the ultimate holding in overseas Wen-hua holding 75% of the shares.

In practice, however, to June 20, 2008, Wen-hua holding of the registered capital increased to 398,000,000 yuan from 1.2 billion yuan, Shenzhen China Shipping additional capital subscription 240,000,000 yuan, China had only 20% of the stake Holdings heard.

It is understood that in the overseas business is divided into infrastructure, real estate, contracting projects of the three major business system, but in overseas real estate department. The restructuring of China's Wen Holdings is the sea-based system built from financial assets to the level of restructuring China's Wen Holdings.

" The most attractive overseas in China are heard in the business of holding financial assets, as well as industrial assets, that is, New Huangpu's assets. "Internal sea in the above-mentioned sources said.

Public information, after several acquisitions in 2007, China's Wen holding the Huangpu has evolved into a trust, futures, securities, fund four major areas of financial platform.

Their financial assets, including holding Wen-hua 100% equity futures; Ricky futures hold 43.75 percent stake; Maike Futures holds 40% equity; China and Thailand are holding 29.97 percent stake in the trust; holders AJ Securities 5.91% stake .

Thailand is also a

Trust Holdings Wen-hua of the most important platform for the operation of the capital. In addition to holding the New Huangpu, Wen-hua and Success Holdings also holds 30% and 20% of the shares of its capital for loans and investments in financial institutions.

In addition, Wen-hua also holding the country's actual holdings of New Huangpu million trust 49% of the shares, the company also holds 22% of the country million of equity securities, which are innovative types of securities, Changsheng Fund is the largest shareholder .

In other words, the successful holding of" Wen-hua "the mother - holding Wen-hua, the former's trust, futures, securities and funds are four categories of financial services will be held Nangzhongzhiwu side.

It is regrettable, however," from 75% to 20%, becoming the third shareholder, China's Wen holding securities, funds, futures and the Trust's financial platform, in fact, have lost their overseas direct control. "Some analysts said.

■ trainee Song Jie Beijing correspondent reporte