Shanghai Aj Group Co.Ltd(600643) plans to invest 128 million yuan to acquire 10% equity of Huagui life

RMB 128 million was transferred to 10% equity of Huagui life, and the Shanghai Aj Group Co.Ltd(600643) financial business chain is expected to be extended.

Shanghai Aj Group Co.Ltd(600643) on January 17, it was announced that the company planned to transfer 100 million shares of Huagui life held by love communication company with 128 million yuan in cash, accounting for 10% of its total share capital. After the transfer, Shanghai Aj Group Co.Ltd(600643) will hold 10% of the equity of Huagui life insurance as its fourth largest shareholder.

According to the data, Huagui life was established on February 17, 2017 and currently has a registered capital of 1 billion yuan. Guizhou Financial Holding Group Co., Ltd. (Guizhou Guimin Investment Group Co., Ltd.) contributed 210 million yuan, accounting for 21% of the equity; China Kweichow Moutai Co.Ltd(600519) distillery (Group) Co., Ltd. invested 200 million yuan, accounting for 20% of the equity; Huakang Insurance Agency Co., Ltd. invested 150 million yuan, accounting for 15% of the equity.

Huagui life is positioned as an Internet platform insurance company with leading products and services. According to its financial data, the original premium income of Huagui life in 2020 was 2.013 billion yuan, with a three-year compound growth rate of nearly 70%.

For this transaction, Shanghai Aj Group Co.Ltd(600643) said that the transfer of part of the equity of Huagui life is in line with the company’s strategic positioning of focusing on finance, which can further enrich the company’s financial business sector, supplement the company’s financial business structure and improve the company’s financial business chain.

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