① Zhongyuan Expressway recently received another increase in holdings from Great Wall Life, with a cumulative shareholding ratio of 6%. ② Previously, Zhejiang Jiaotong Technology also received another increase in holdings from Great Wall Life, with a cumulative shareholding ratio of 7.0289%. ③ Great Wall Life increased its holdings of the Central Plains Expressway and Zhejiang Jiaotong Technology several times during the year, and listed both in early June this year.
Financial News Agency, November 10 (Reporter Zou Juntao)Approaching “Double 11", Great Wall Life is also starting a “buy buy buy” model? On November 9, Zhongyuan Express (600020.SH) issued an announcement. Great Wall Life Insurance, a shareholder holding more than 5% of the company's shares, has recently increased its holdings of the company by 1% through collective bidding on exchanges.
Screenshot source: Zhongyuan Expressway announcement
It is worth noting that in late September of this year, Zhejiang Jiaotong Technology (002061.SZ) also issued an announcement that the company's shareholder Great Wall Life recently increased its share of the company's shares by 1% through collective bidding on exchanges.
A reporter from the Financial Association noticed that Great Wall Life has increased its holdings in these two companies several times during the year. At the beginning of June this year, Great Wall Life announced that it would increase its holdings in Zhejiang Jiaotong Technology and the Central Plains Expressway.
Great Wall Life continues to increase its holdings in the Central Plains Expressway
According to the Central Plains Expressway announcement, from June 3 to November 7, 2023, Great Wall Life increased its holdings of the company's shares by a total of 22,473,810 shares through centralized bidding on the stock exchange, accounting for 1.00% of the company's total share capital. The funds paid for the increase in holdings are Great Wall Life's own funds and insurance liability reserves.
After this increase in holdings, Great Wall Life held a total of about 135 million shares of Zhongyuan Expressway (unlimited sales conditions), accounting for 6% of the total share capital. The Central Plains Express stated that the above changes in equity will not lead to changes in the company's controlling shareholders or actual controllers. According to the company's financial report, the current controlling shareholder of Zhongyuan Expressway is Henan Transportation Investment Group Co., Ltd., which holds 45.09% of the shares.
A financial news agency reporter noticed that Great Wall Life has increased its holdings of the Central Plains Expressway several times during the year. On June 2, Zhongyuan Express issued an announcement. Great Wall Life Insurance increased its holdings of the company by 8,029,300 shares through centralized bidding transactions in the secondary market, accounting for 0.35728% of the company's total share capital. After the increase in holdings was completed, Great Wall Life's cumulative holdings of Zhongyuan Express reached 5%. On June 3, Great Wall Life announced the listing of the Central Plains Expressway.
Zhejiang Jiaotong Technology's holdings have also recently been increased
In addition to the Central Plains Expressway, Zhejiang Jiaotong Technology also recently increased its holdings by Great Wall Life. The increase in holdings in both is often backward and backward.
On September 22, Zhejiang Jiaotong Technology issued an announcement. On September 20, 2023, the company received the “Notice on the Increase in Shareholding” from shareholder Great Wall Life Insurance. It was learned that from June 22 to September 20, 2023, it increased its holdings of the company's shares by a total of 25.9915 million shares through centralized trading on the stock exchange, accounting for 1% of the company's total share capital.
Screenshot source Zhejiang Jiaotong Technology announcement
According to the announcement, the funds used to increase holdings are also owned by Great Wall Life. After the increase in holdings was completed, Great Wall Life held more than 183 million shares of Zhejiang Jiaotong Technology (unlimited sales conditions), accounting for 7.0289% of the total share capital. Before and after this change in equity, the controlling shareholder of Zhejiang Jiaotong Technology has not changed; it is still Zhejiang Transportation Investment Group Co., Ltd.
Similar to the Central Plains Expressway, in the first half of this year, Great Wall Life also increased its holdings several times and listed Zhejiang Jiaotong Technology. According to the equity change report disclosed by Zhejiang Jiaotong Technology, during the March-June period of this year, Great Wall Life purchased a total of 130 million shares of Zhejiang Jiaotong Technology, accounting for 5.0289% of Zhejiang Jiaotong's total share capital. On June 2, Great Wall Life announced the listing of Zhejiang Jiaotong Technology.
A reporter from the Financial Federation noticed that currently listed companies listed by Great Wall Life Insurance include Financial Street (000402.SZ). However, a review of the announcement shows that Great Wall Life has not increased its holdings in Financial Street this year. According to the Financial Street financial report, as of the end of the third quarter of this year, Great Wall Life held a total of about 168 million shares of Financial Street shares through its own capital and personal dividends, accounting for 5.63% of the company's total share capital.
According to official data, Great Wall Life Insurance Co., Ltd. was founded in September 2005. The company is headquartered in Beijing and has a registered capital of 5,532 billion yuan. As of the end of the third quarter of 2023, Great Wall Life has signed premiums of RMB 25.086 billion and total assets of RMB 103,092 billion. According to the company's solvency report for the third quarter of 2023, Great Wall Life's cumulative total investment return during the year was -0.06%, and the comprehensive investment return was 3.21%.