China Ping An amount of doubts financing or refinancing purposes as 120 billion.

<P> "First Financial Daily" was informed yesterday, including the chairman Ma Mingzhe, including Ping An of China (601318.SH) Beijing-Shanghai high-level team of two has broken down into smaller, concentrated visit the local big fund companies, the latter is intended to .preliminary interpretation of the market has questioned the "day the amount of" re-use of such financing, said the funds raised will be invested with the main business of China Ping associated with good growth potential and synergies of the project can bring. .</ P> <P> newspaper yesterday called Ping Jin Shaoliang verify this charge of investor relations, Jin Shaoliang to travel outside the ground were not answered. .</ P> <P> It http:// hearing, informed sources told the newspaper, led by the Ma Mingzhe, Ping Yao, Assistant Chief Actuary and General Manager of waves, general manager of Ping An asset management company put such a team of million ., recently visited Shanghai many fund companies focus on the responsible person; another team to Beijing China Ping An to visit the local executives are the major fund companies. .The main purpose of visit is to introduce the Chinese strategic concept of peace, life insurance explained the importance of peace to China and a preliminary interpretation of "days of the amount of" re-financing purposes. .</ P> <P> Ping communication with the fund company, said the final amount of the refinancing of about 800 billion may contain about 400 million issuance of bonds with warrants, and have said before the 160 billion yuan .access. .China Ping An executives said, and then just run into financing the introduction of the stock market correction, there is such a large unexpected negative effects. .It is reported that Ping An of China has considered a variety of financing. .</ P> <P> According to the announcement on January 21, Ping An additional issue not more than 12 million shares A shares at an issue price of not less than 20 days notice before the prospectus or the previous trading day average price. .Ping An of China on Jan. 18 to close at 98.21 yuan, as of 18 January (inclusive) of the 20 trading days average price of 105.27 yuan. .Click here to rough calculation, if fully subscribed, Ping An additional financing of about 120 billion yuan, with no more than 41.2 billion yuan bonds with warrants, the amount of refinancing Ping reach 160 billion yuan - which is why the market has been .Ping question to refinance 160 billion yuan of that came from. .</ P> <P> refinancing announcement, China Ping An shares fall crashed yesterday to close at 74.44 yuan, representing a January 18 closing price fell 24.20%. .Ping yesterday's average price of 74.87 yuan, as of yesterday (inclusive) of the 20 trading day average price of 78.82 yuan. .Click here to rough calculation, if fully subscribed, Ping An additional amount of the financing of "shrinkage" to 89,844,000,000 ~ 94,584,000,000 yuan. .</ P> <P> According to the announcement, Ping refinancing will be used to replenish capital to supplement working capital and (or) the regulatory approval of investment projects, but the announcement did not say the specific investment projects, which attracted considerable .market challenge. .</ P> <P> Ping in communication and fund companies said that a major purpose of the financing for the acquisition of good assets abroad, although not to disclose the specific targets, but said it will select the main business-related and China Ping An, .with good growth and can bring synergy projects. .Ping will be currently undervalued offshore financial services companies are divided into two categories: a big impact by the subprime mortgage business, the second is implicated by the subprime mortgage problem, but the company itself is not much. .It is reported that Ping did not disclose the acquisition of net assets, but said the acquisition project's internal rate of return of not less than 15%. .</ P> <P> used to replenish the funds raised for the fund, Ping explained that the scale of the net assets, and its and China Life, PICC there are considerable gaps. .Ping An of China's pension companies in the country large scale laying of network capital requires considerable support and enhance corporate annuity business focus is the highlight of future growth safely. .</ P> <P> It is reported that the acquisition of the Chinese peace-related projects are under way, JP Morgan Chase and Goldman Sachs and other foreign bodies may enter the acquisition team. .</ P> <P> Ping An's refinancing program will be held on March 5 shareholder meeting for consideration. .</ P>.