To sell shares in Pacific Antai CPIC listed every level to promote the overall.

<P>: Http://, News Pacific Insurance Group (hereinafter referred to as "CPIC Group") The overall IPO plans layers of the veil is being put aside. .</ P> <P> learned last week CPIC A shares exclusive IPO financing scale framework, this reporter learned last night, and from informed sources, the listing of CPIC Group work is well underway to prepare, CPIC Group prospectus .has been completed, is expected to be in early November on the first Council, listed by the end of November, and the relevant special approval to go to the key audit file level. .</ P> <P> CPIC Group H share IPO underwriters team has also surfaced. .It is worth mentioning that the overall listing of CPIC Group's other core aspects of the process --- its joint venture company held 50% stake in Pacific Antai Life Insurance how to deal with the problem, finally got the key argument. .Around a few, CPIC Group to remove barriers to the work of ending soon listed. .</ P> <P> fastest by the end of November listing </ P> <P> "CPIC IPO is based on statistical standards report of new accounting standards." CPIC from close to the relevant person listed on the project team source said the new accounting standards ., the CPIC data for three years, respectively, the report showed a loss in 2004, 2005, 2006, two years earnings. ."Hard targets less profitable for three consecutive years, CPIC A-share listed really special permission to go." </ P> <P> The special approval on what grounds? .These people that did not down in the specific approval before the temporary inconvenience to the reporters. .However, according to him, at present, the approval process go more smoothly, and the relevant approval of the application documents have been transferred to the key level. ."The problem is not expected to approve by CPIC Group related items listed on the preliminary plans, such as all the process go smoothly, CPIC Group is expected by the end of November this year will be able to visit A-share market." </ P> <P> from authoritative sources .The data show that in early June this year after a capital increase, the CPIC Group has 4.3 billion shares of the total share capital to 67 million shares, American Pacific Insurance Group, Carlyle Group holds 19.9% of the total share capital. .After the capital increase, CPIC property insurance capital of 2.688 billion yuan, CPIC Life capital of 2.3 billion, CPIC Group Holdings CPIC CPIC Life Insurance and its stake was 98.14%, 97.83%. .</ P> <P> in accordance with the relevant people to say, CPIC Group A shares in the IPO issue size of about 1 to 1.5 billion shares, accounting for the proportion of the total share capital after the release varies between 15% to 20%. .As the scale of H shares issued, although the overall idea is listed CPIC A shares, H shares financing scale stay the same, but the relevant sources that, in view of Hong Kong "issued H shares accounted for the proportion of the total share capital after the release of not less than 15%" .rigid conditions, the two financing CPIC or keep a certain gap size. .</ P> <P> H shares underwriters exposure </ P> <P> accept payment in the Pacific Insurance Group Inc. and UBS Securities A-share listed counseling, CPIC team of underwriters H shares also cause for concern. .CPIC Group in the high-level changes over the last year, CPIC Group also conducted a re-underwriting team selection. .</ P> <P> printing of rumors that JP Morgan was selected CPIC H shares and other underwriters team. .However, one close to the CPIC source listing of the project team confirmed to our reporter last night, "CPIC H shares a total of three co-underwriters, China International Capital Corporation, UBS Securities, plus Credit Suisse." </ P> <P> .CPIC A shares in the first against the backdrop of a general trend, A shares will no doubt visit the rhythm of its H-share listed directly related to a specific timetable. .A source close to Pacific Insurance Group, informed sources told this reporter that if the CPIC A shares can be listed in time for the end of November, H shares also want to visit before the end of December this year. .</ P> <P> However, another source told reporters, "If the A-share listed time to drag this December, it landed CPIC estimate H shares by the end of lousy." Preparatory work related to the process from the current point of view, the industry .expect the H shares CPIC program until next year the possibility of not small. .</ P> <P> joint venture intends to transfer shares </ P> <P> convertible in to solve the problem of the Carlyle Group, Pacific Insurance Institute of Fudan equity out of financial problems, CPIC in the joint venture stake in Pacific Antai Life Insurance deal .problem is also about the hammer. .</ P> <P> informed sources told reporters that the CPIC Group in the context of overall market, which accounted for 50% of shares of Pacific-Aetna Life Insurance will face the fate of two Pacific-Aetna Life Insurance --- 50% of the reports into the CPIC .Group; or CPIC Group transfers half of the hands of shares held by Pacific-Aetna. .</ P> <P> news from the sources said that in "all the listing for the center" of the main tone, the CPIC Group has determined to withdraw from the Pacific Antai Life Insurance. .But he stressed that the transaction has not been finalized before the transfer, there are still many uncertainties exist. ."If you then set out the price of those unsuitable to sell stake in CPIC not be very meaningful." </ P> <P> founded in 1998 by Pacific-Aetna Life Insurance Pacific Insurance Group and co-founded by the Dutch ING Group. .Insurance Yearbook shows that in 2004, 2005 net profit 72.95 million yuan and 67.58 million yuan loss, but adjusted in 2006 after a large-scale loss of about reversing the situation, the first half of 2007 results also showed a substantial increase in the good situation. .</ P> <P> Nevertheless, in accordance with the relevant people to say, "In 2004, CPIC Group, the case of loss, such as the Pacific-Antai Life Insurance into the report, the loss of the former situation is even more negative." Analysis of the aforementioned persons .that these problems may withdraw from the joint venture is the CPIC Group, the main reason. .</ P> <P> while another person familiar with the argument is that CPIC CPIC Life's been working well and if necessary another life insurance company holds a stake in the formation of fratricide in the competitive situation, is questionable. .There is a market point of view, the line as a walking group of companies, CPIC in other areas should "bear fruit" in the structure play a complementary effect with the insurance business. .</ P> <P> Pacific-Aetna Life Insurance on the transfer of shares half of the information, the reporter has not yet been CPIC Group and Pacific Antai Life's official statement. .</ P>.