diablo 3 gold transfer to China Taiping insurance controlShare limited WFH

China Taiping, Taiping overweight casualty 9.44% equity of China insurance regulatory Commission Web site yesterday, agreed to industrial and commercial bank (601,398) (Asia) Limited (hereinafter referred to as "ICBC Asia") held by Pacific property insurance limited (hereinafter "Pacific casualty") transfer to China Taiping insurance controlShare limited (hereinafter referred to as "China Taiping", 00966.HK). China insurance regulatory Commission website does not disclose the amount of equity transaction amounts. Previously diablo 3 gold, China Taiping was released on August 27 Hong Kong stocks announcement, the company's equity transfer agreement with the ICBC Asia, ICBC Asia acquired 9.44% shares in Taiping casualty, price is RMB $ 264 million.Notice display, justices of the casualty's registered capital to $ 2.07 billion. Before the transfer of equity, China Pacific insurance group hold Taiping property 38.79% of the shares, China Taiping Taiping 51.77% per cent of casualty, ICBC Asia hold Taiping property 9.44% of the shares. After the stock transfer, China Pacific Group holds equity scale invariant, China TaipingEquity ratio will increase to 61.21%. According to the 2010 Pacific annual report last year from Pacific property insurance business casualty shareholders ' contribution to net profit amounted to HK $ 58.89 million (2009 loss of HK $ 136.05 million). Turn losses into profits because claims decreased significantly and better underwriting performance. Underwriting improvements depend on TaipingCasualty centralized management of its auto insurance system reform and new operating systems, sales of underwriting policy. Chinese Taiping said, as China's economy continues strong growth in domestic property and casualty insurance industry's long-term growth potential is huge. Taiping PICC property insurance market in China has established a national network, in 2010 and 2011 to present financial and operational performanceEncouraging future underwriting cycle has advantages of high growth. Board believes that the past 2.5 years in marketing, underwriting and claims management systems consolidation initiative will near completion at the end, help Pacific casualty in the foreseeable future to maintain their operational performance. 12-18 in the past months, operate and finance the tone of the entire property and casualty insurance industry in China improved, the Board believes is currently aPacific holdings and secure property rights and the right time. China Taiping was founded on February 18, 2000, China Pacific Insurance Group subsidiary, on June 29, 2000 and listed on the Hong Kong stock exchange, becoming the first foreign-funded insurance companies listed diablo 3 gold, practice areas include international reinsurance underwriting, reinsurance brokerage, asset managementAnd life insurance and property insurance business in mainland China, and so on. ����The company strategy into ICBC Asia shareholders and hold Pacific reinsurance limited, Pacific insurance consultants limited, Taiping, Taiping, Taiping life, property and casualty insurance, and asset (Hong Kong) limited company. Shortly before the approval of the China insurance regulatory Commission, former Director of the China insurance regulatory Commission property insurance supervision Department, 54 years oldLi Jinfu served as Deputy General Manager of China Pacific insurance group and the Pacific, Chairman of casualty.