AIA spends 12 billion and gets nearly 25% of China Post Insurance’s shares
On June 29, China Post Insurance announced that it plans to introduce AIA as a strategic investor for capital increase and share expansion. After the capital increase, China Post Insurance's registered capital will be increased to RMB 28.663 billion. In this additional issuance of China Post Insurance, AIA plans to invest 12.033 billion yuan, with a shareholding ratio of 24.99% of China Post Insurance’s equity after the capital increase, making it the single second largest shareholder. Regarding the capital increase, China Post Insurance stated that it is to further improve corporate governance, improve market-oriented operating mechanism, and enhance comprehensive competitiveness. If the strategic investors for this capital increase are successfully introduced, China Post Life Insurance will surpass China Life’s 28.265 billion yuan in capital and leap to the third, second only to Ping An Life and Dajia Life.