After the move, Ping An Insurance (Group) Company of porcelain, Ltd. (SHSE: 601318; SEHK: 2318), the country's flash biggest insurer by premiums, will withdraw from Ming An completely, while six sellers, together with Haikou Meilan Airport and Bohai International Trust Corporation will happen to another shareholders of Ming AN.
Ping An carry on September sold a 100% stake in Ming An on the Tianjin Equity Exchange by the side of a charge of CNY 1.541 billion by the side of with the aim of schedule.
Founded in January 2005, Ming An principally engages in property loss insurance, liability insurance, belief insurance and ensure insurance, short-term physical condition insurance, unpleasant incident injury insurance, the reinsurance of the foresaid insurance, insurance deposit act organization accepted by the nationwide laws and regulations, and other organization accepted by the porcelain Insurance Regulatory Commission. By the last part of 2009, calculate assets of the insurance safe had destroy CNY 1.996 billion; calculate liabilities had been CNY 1.38 billion; owners' interests and civil liberties had destroy CNY 617 million.