Nanshan Life Insurance spent 2.76384 billion yuan to buy the shares held by Sanshang Meibang Life Insurance Co., Ltd. in Fuhua Investment Trust.

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[Reporter Wu Xintian/Taipei Report] Nanshan Life Insurance paid 150 yuan per share and spent 2.76384 billion yuan to buy the shares held by Sanshang Meibang Life Insurance Co., Ltd., and became the largest shareholder of Fuhua Investment Trust.

The Board of Directors of Nanshan Life Insurance passed a resolution today, authorizing Chairman Yin Chongyao to enter into a share sale contract with Sanshang Meibang Life Insurance Co., Ltd. to purchase a total of 18,425,631 ordinary shares of Fuhua Investment Trust held by Sanshang Meibang Life Insurance, accounting for 30.71% of the total shares of Fuhua Investment Trust .

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Sanshang Meibang also issued a serious news that it sold Fuhua Investment Trust’s shares to Nanshan Life Insurance at 150 yuan per share. The transaction amount was about 2.76384 billion yuan, and the disposal profit was 1.36 billion yuan.

Nanshan Life Insurance said that Fuhua Investment Trust has good operating performance, and hopes to obtain stable investment income through this transaction, and continue to provide policyholders with complete protection.

Nanshan Life explained that this transaction falls under Article 146-6 of the Insurance Law for investment in insurance-related businesses, and involves the eligibility of acquiring shares in the investment and credit industry. Therefore, after the share sales contract is signed, it still needs to obtain individual approval from the Insurance Bureau and the Securities and Futures Bureau. , in order to handle the delivery.

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