on November 23-25th

Reporter Ye Qi Beijing reported November 25, Beijing financial Street lizikaerdun the second floor Banquet Hall, Xinhua life insurance a-share IPO of Beijing tour began. "Participating institutions probably have more than 110 companies. "A Conference organization told the China Times reporter. Reporters at the scene, promotionIdentity audit participants rather strict. It is learnt that respectively in Shenzhen and Shanghai led a roadshow of Procyon Studio, Chairman of new China life insurance and General Manager He Zhiguang appear in Beijing's seminar site. Declined to be named securities company researcher, told reporters after the meeting, more warm atmosphere diablo 3 power leveling, made by Procyon Studio investment highlights mainly the future development of the strategy, especially for old-agePlanning is very attractive for industries, health industries. Recommended reading hexun about City Hall: next week's a-shares or to five major gold stocks are now buying opportunity in consumption will burn at the passion 8 zhanchiyufei muddy water and focus: who discovered fresh black who now cannot wait shareholders Li 8 a 12-year Player 8 deep investments to realize the IPO of a tiger 29 months "ring" go near trillion [micro-Bo] old Sha: push international plate Qian will do a thing [Unit 's] strongly signal Xia does not copied end are is fool in accordance with the plans, on November 23-25th, Chairman Procyon Studio and General Manager He Zhiguang all with way people traveled Beijing Shanghai wide deep four to to institutions for issued promotion, in next of a week Xinhua life will official expand Shanghai, and Hong KongTouring Road show, offering price range will be issued on December 1 in the preliminary results of the inquiry and price range disclosed in the notice. It is understood that the underwriters of CICC gives fair value per share range of $ 32-$ 42, UBS Securities fair value is given as $ 30.19-$ per share, according to this calculation, Xinhua insurance (601336, unit) between the a-share amount raised $ 4.786 billion to $. Official launch IPO on November 21, Xinhua life insurance were officially published on the Shanghai Stock Exchange website offering a letter of intent, saying the plan to issue no more than 158.54 million a-shares, raising its funds will be used to shore up capital to support continued business growth.It is understood that the issue will be used "offline issue" and "online distribution" combination of ways. "Under the net release" no more than 31.708 million shares, 20% of the total number of this release, and "online release" no more than 126.832 million shares, 80% of the total number of this release. Net purchase and payment under the December 5 diablo 3 gold, under the net purchaseOnline requisitioning and payment on December 7 at the same time on the last day, price Bulletin will be published on December 9. ����Will apply as soon as possible after the end of issue was listed in Shanghai Stock Exchange. ����At the same time, on November 21, Xinhua life insurance are also listed in Hong Kong has launched a h planned some pre-road show in Hong Kong. The preliminary of the exchange offer documents show that Xinhua life insurance plansThrough IPO in Hong Kong up to 412.2 million h-shares including the full exercise of overallotment option, 92.5% institutional investor-oriented, 7.5%-oriented retail investors in Hong Kong. ����New China life insurance IPO is now on sale in Hong Kong on December 2, is expected to listing in Hong Kong on December 16. Although the a-share listing date yet to be released, but theIn new China life insurance have been hoping that a h simultaneous listing, generally consider the company's a-share listing in the industry today might also be on December 16. It is reported that on a roadshow to promote, "focused on life insurance" is the Xinhua life insurance the main listing of story. "Strive to become the best of the China to view the life insurance business as the core of the financial services group", early this year is the new China life insurance has beenOfficial release of the next five-year strategic objectives, will also be a road show maximum points in the process. ����Other market news, Xinhua life insurance introduced the investors are expected to account for sale of part of the basis of 30%. Catch up with reasonable price around $ 30 per share IPO of the year the last bus, Xinhua life insurance in weak start issue, so the valuation of the investmentThe focus of attention. Underwriters of the CICC in the value of their investment research reports, Xinhua insurance gives a valuation of $ 32-$ 42 per share, think the reasonable market value between $ 101.6 billion per cent RMB, which corresponds to the 2011 annual embedded value multiples of 1.66 per cent, 8.5 per cent times multiple new business value�� Other underwriters UBS Securities to trading range of $ 30.19-$ per share price, think Xinhua life insurance offering prices in 2012 multiple embedded value should be between 1.23 per cent, equivalent to listing and could fetch about $ 116.8 billion per cent, compared to other listed Chinese-funded insurance stocks, Kunihisa, ping and the Pacific1.52 times times, 1.98 times times and three times respectively. ����Reporters access to the most recent brokerage report found that most new China life insurance gives a valuation of around $ 30, guosen securities and shenyin wanguo $ 27-$ 33/share the $ 27-$ 34, huatai joint stock/share. "According to the November 22, 2011 's closing price ofCalculation, PEV to 1.4 per cent of life business, valuation using multiples the Xinhua insurance, company value of $ 87.8 billion per cent, corresponding to $ 27.7-$ per share. Current capital market on economic growth and insurance industry fears about general valuation level is not high, relative valuation results are recommended, request interval 27-33. ��Shenyin wanguo inquiry report said. ����But news is coming from the Roadshow, most institutional investors also saw price near $ 30 a relatively reasonable interval. ����In addition, before break has now become quite concerned about optimism in the industry. "The central axis of the offer price $ 30/share, short-term fair value axis 34 Yuan per unit. "Guosen securities said. HuataiSecurities agreed that the long term, new China life insurance has reflected a certain degree of competitiveness, and after this to raise sufficient capital to ensure future sustained growth of the company; the short term, the company's a-shares issued amount is only about $ 5 billion, are expected shortly after listing secondary market prices may benefit from circulation premium stock price more than $ 27-$ 34/share of reasonable valuations�� ����After listing, this year and next new China life insurance solvency ratios predicted that the Bank considered and 170%, and 192% and JPMorgan Chase. The preliminary of the exchange offer documents show that Xinhua life insurance forecast consolidated profit attributable to shareholders for the year ended December 31, will not be less than 2.712 billion yuan.