On January 31, Ping An Insurance (Group) Company Of China Ltd(601318) announced that Ping An Life, its subsidiary, received the reply of China Banking and Insurance Regulatory Commission on equity investment in new Founder group of Ping An Insurance (Group) Company Of China Ltd(601318) Life Insurance Co., Ltd. issued by Bank Of China Limited(601988) Insurance Regulatory Commission.
“This means that Ping An Life’s investment in new Founder Group has obtained regulatory consent.” Many insiders told the financial associated press that Ping An Insurance (Group) Company Of China Ltd(601318) has been actively promoting the restructuring plan, and its core appeal is to obtain the most scarce and cutting-edge physical hospital resources to make up for the offline Short Board considered by the market. Now, with the consent of the regulator, the relevant asset delivery, business development, asset disposal and other matters may be accelerated. The superposition of “big financial assets” and “big medical health” is accelerated, and the “Chinese version of United Health” that Ping An Insurance (Group) Company Of China Ltd(601318) is trying to build may also be accelerated. “This is undoubtedly a ‘New Year gift bag’ for Ping An.”.
investment approved! It is proposed to transfer 66.51% equity of RMB 48.2 billion
At the end of 2019, Founder group fell into default crisis. In 2020, due to debt problems, Founder Group embarked on the road of restructuring. On June 28, 2021, with the effectiveness of the reorganization plan, “new Founder group” became the product of Founder Group’s reorganization.
Insurance appeared in the process of getting rid of difficulties and rebirth. The consortium composed of Zhuhai HUAFA Group Co., Ltd., Ping An Insurance (Group) Company Of China Ltd(601318) and Shenzhen tefa Group Co., Ltd. became the reorganization investor of Founder group. In 2021, Ping An Insurance (Group) Company Of China Ltd(601318) announced that Ping An life would acquire 51.1% – 70.0% equity of new Founder Group for a consideration of 37.05-50.75 billion yuan.
“Strategic investment aims at saving the debtor’s enterprise and restoring sustainable profitability. We should have strength and ability.” At that time, a number of market participants told the associated press that they were optimistic about the reorganization. First, Ping An has enough strength to help new Founder Group resolve the crisis and get on track. Second, Founder group, as one of the most high-quality school run enterprises, has many high-quality assets, such as Peking University resources, Founder Technology, China Hi-Tech Group Co.Ltd(600730) , founder holdings, Founder Securities Co.Ltd(601901) , Pku Healthcare Corp.Ltd(000788) 6 listed companies, etc. In other words, the reorganization value is prominent, and strategic investors can make full use of value assets to realize the combination of strong and strong.
In fact, in 2021, the “1 + 4” main body reorganization of Founder group was successfully promoted and has entered the substantive operation stage.
On August 11, 2021, Ping An Life’s acquisition of the equity of xinfangzheng group was approved by the antitrust bureau of the State Administration of market supervision and administration; From October 21, 2021 to January 25, 2022, new founder holding Development Co., Ltd., Peking University Medical Management Co., Ltd., founder Information Industry Co., Ltd., founder International Trade Co., Ltd., founder commercial real estate Co., Ltd., founder Commercial Management Co., Ltd Founder International Education Consulting Co., Ltd. and other seven new Founder group entities were registered and established in batches.
Today, the latest announcement shows that according to the agreement on restructuring investment agreement and the selection of creditor’s rights settlement plan of the restructuring subject, Ping An Life Insurance plans to invest about 48.2 billion yuan to acquire about 66.51% of the equity of new Founder group. Ping An Insurance (Group) Company Of China Ltd(601318) the restructuring investment of Fangzheng group was officially approved. In the future, various matters such as asset delivery, business development and asset disposal may be accelerated.
what is the greatest significance of welcoming the “New Year gift bag” to Ping An?
“Medical resources are the driving force for Ping An to actively join the new Founder group.” A brokerage analyst told the financial associated press that from the layout investment of Ping An Insurance (Group) Company Of China Ltd(601318) in recent years, it can be found that under the background that the main insurance industry is better than its peers and the layout of science and technology is leading, Ping An is continuously building a medical sector and a healthy ecology.
“But from the overall point of view, the market has always believed that Ping An Insurance (Group) Company Of China Ltd(601318) which firmly holds the Internet Medical entrance has an offline short board, that is, it lacks the most scarce and cutting-edge physical hospital resources.” “The restructuring of Founder Group happened to be a rare opportunity for Ping An to make up for its shortcomings at that time,” a person from the life insurance industry told the financial associated press
Previously, some voices in the market believed that while helping Founder group “bail out”, Ping An did not get much. For example, relying on Peking University and Peking University Medical Department, Peking University Medical Group has a medical service system composed of more than 10 medical institutions, with a total number of beds of more than 10000. Peking University International Hospital, as a flagship hospital, has 1800 approved beds and more than 60 medical clinical and medical technology departments. It is one of the first hospitals in China whose hospital information system has reached level 7 of the American Society for medical information and management systems.
At the same time, Peking University Medical Group also owns Peking University medical information, Pku Healthcare Corp.Ltd(000788) and medical industrial park. Beida Yixin is a supplier of the first tier of medical informatization in China, involving smart hospitals, regional health, medical + Internet, and has huge medical and health data.
“For Ping An in transition, this is also a new starting point.” The above-mentioned life insurance people said that in the past two years, the market has been interpreted as Ping An trying to build a “Chinese version of United Health” according to Ping An’s actions. Indeed, with reference to United Health in the United States, having its own medical network can greatly improve the synergy of medical resources to the main insurance industry, which can be said to be a direction for the transformation of insurance companies in the future.
In this regard, Ping An Insurance (Group) Company Of China Ltd(601318) also said that participating in the reorganization of Founder group is an important measure for the company to further deepen the strategic layout of the medical and health industry and actively build a medical and health ecosystem. In the future, we will focus on large financial assets and large medical and health care. We are building a medical and health ecosystem in an all-round way, providing in-depth services to participants in all links of the medical industry, and widely empowering them in the main financial industry.
