Source: Beijing Business Today
On 9/30, Guobao Life Insurance Co., Ltd. (hereinafter referred to as "Guobao Life") announced that participating shareholders contributed a total of 30.75 billion yuan in cash for this capital increase and share expansion. Following the transaction, the company's registered capital will increase from 19.8 billion shares to 45.21 billion shares.
Guobao Life Insurance stated that the share price for the capital increase is 1.21 yuan, with registered capital increasing by 25.41 billion yuan from an initial amount of 19.8 billion yuan to 42.51 billion yuan. The remaining premium will be recorded in the company's capital reserve.
Among the 9 original shareholders of Guobao Life, 1 participated in this capital increase: Sichuan Financial Holding Group Co., Ltd. subscribed to an additional 8.47 billion shares.
Additionally, 8 prospective new shareholders will participate in this capital increase as follows: Yibin Development Holding Group Co., Ltd. subscribes to 4.96 hundred million shares; Deyang Industrial and Financial Services Group Co., Ltd. subscribes to 2.48 hundred million shares; Leshan State-owned Assets Investment and Operation (Group) Co., Ltd. subscribes to 2.48 hundred million shares; Chengdu Jiaozi Park Financial Business District Investment and Development Co., Ltd. subscribes to 2.48 hundred million shares; Liangshan Prefecture Development (Holding) Group Co., Ltd. subscribes to 1.65 hundred million shares; Mianyang JinKong Investment Management Co., Ltd. (renamed "Mianyang Miantou Industry and Finance Investment Co., Ltd." on 2026/8/12) subscribes to 1.24 hundred million shares; Panzhihua State-owned Investment (Group) Co., Ltd. subscribes to 0.83 hundred million shares; Neijiang Investment Holding Group Co., Ltd. subscribes to 0.83 hundred million shares.
The above capital increase will take effect upon approval by the insurance regulatory authority.
Image source: Guobao Life Insurance announcement
