China Evergrande Group, which is deeply trapped in the debt crisis, is reportedly sold to a Chinese state -owned enterprise by the sale of its insurance company Hengda Life.
According to Bloomberg News on Friday (June 30), anonymous insiders said that a state -owned enterprise in Shenzhen will take over Evergrande Life Insurance Co., Ltd. and discuss the renovation of it to Harbor Life Insurance.
The person familiar with the matter said that the transaction details including price, the final ownership structure and other transactions have not yet been finalized.Evergrande currently holds 50%of the equity of the life insurance company and is the largest shareholder.
Chinese media, including Shanghai Securities News on Monday (June 26), reported that information on the official website of the State Administration of Finance and Administration of China shows that Haigang Life Insurance Co., Ltd. has issued insurance licenses.The media found that the information of the institutional residence of Haigang Life Insurance is exactly the same as the business address on Evergrande Life's official website. They are 28 floors, 30th, 31st, and 32th floors in Block A, Block A, Aerospace Technology Plaza, Nanshan District, Shenzhen.
However, the above -mentioned related reports are no longer visible.
On the other hand, Yf Life, the founder of Alibaba founder Ma Yun and Yufeng, has obtained the right to name in Wan Chai China Evergrande Center.Yunfeng Financial clarified on Monday that China Evergrande's central center is easy to involve the changes in the ownership of the building.
