March 01, 2015 12:00 PM ET

Insurance

Company Overview of Taikang Life Insurance Corp., Ltd.

Company Overview

Taikang Life Insurance Corp., Ltd. offers life, annuity, and health insurance products. The company was founded in 1996 and is based in Beijing, China.

10th Floor

Taikang Life Building

No.156 Fuxingmennei Avenue

Xicheng

Beijing,  100031

China

Founded in 1996

Phone:

86 10 6642 9988

Fax:

86 10 6104 7968

Key Executives for Taikang Life Insurance Corp., Ltd.

Founder, President, Chief Executive Officer and Chairman
Chief Information Officer
Compensation as of Fiscal Year 2014.

Taikang Life Insurance Corp., Ltd. Key Developments

Taikang Life Insurance Seeks Financing

Taikang Life Insurance Corp., Ltd. plans to seek more than $2 billion from a Hong Kong initial public offering. Taikang plans to start the offering as early as in the fourth quarter. Taikang has yet to seek regulatory approval in mainland China and Hong Kong for the share sale. After the Hong Kong IPO, Taikang may seek another $2 billion selling shares in Shanghai.

XH Taikang Reportedly Plans IPO

XH Taikang Life reportedly plans to complete listing in Hong Kong by end-2015.

COSCO Finance To Sell Taikang Life Insurance Stake

COSCO Finance Company Limited is selling a 1.1734% stake in Taikang Life Insurance Corp., Ltd. via Shanghai United Assets and Equity Exchange. Existing domestic shareholders of the target company have the preferential right to purchase and Taikang's largest shareholder China Guardian Auctions may purchase the aforesaid stake. After the move, COSCO Finance will not hold any stake in Taikang Life Insurance. According to the Shanghai exchange, a 1.1734% stake in Taikang Life is put up for sale at approximately CNY 569.64 million or CNY 17.02 per share.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
January 13, 2015
--
Merger/Acquisition
November 25, 2014
Milton Gate Office Building
Merger/Acquisition
November 4, 2014
--
 

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