On January 31, 2022, Ping An announced that its subsidiary, Ping An Life, received the "Reply of the China Banking and Insurance Regulatory Commission on the Equity Investment of Ping An Life Insurance Company of China New Founder Group" issued by the China Banking and Insurance Regulatory Commission. Accordingly, the China Banking and Insurance Regulatory Commission (CBIRC) agreed to Ping An Life's investment in New Founder Group. In the next step, Ping An will strictly implement the approval requirements, actively promote the Restructuring Investment Agreement and the restructuring plan with all parties, and orderly promote various matters such as asset delivery, business development and asset disposal.
According to the announcement, in accordance with the provisions of the Reorganization Investment Agreement and the choice of the creditors of the reorganization entity for the settlement of the creditors' claims, Ping An Life intends to contribute about RMB48.2 billion to acquire about 66.51% of the equity of New Founder Holdings Development Co., Ltd. (hereinafter referred to as "New Founder Group").
Previously, with the strong support of all parties, the reorganization of the "1+4" main body of Founder Group was smoothly advanced and has entered the substantive operation stage. On April 30, 2021, Ping An of China signed an investment agreement with the parties for the reorganization of Founder Group; on June 28, 2021, the Beijing No. 1 Intermediate People's Court ruled to approve the Reorganization Plan of Five Companies including Peking University Founder Group Co., Ltd. (Draft); on August 11, 2021, Ping An Life's acquisition of the equity of New Founder Group was approved by the Anti-Monopoly Bureau of the State Administration for Market Regulation; from October 21, 2021 to January 25, 2022, New Founder Holdings Development Co., Ltd. Peking University Medical Management Co., Ltd., Founder Information Industry Co., Ltd., Founder International Trade Co., Ltd., Founder Commercial Real Estate Co., Ltd., Founder Commercial Management Co., Ltd., Founder International Education Consulting Co., Ltd. and other 7 new Founder Group entities were registered and established in batches.
In recent years, Ping An has focused on large financial assets and large medical health, comprehensively built a medical and health ecosystem, deeply served participants in all aspects of the medical industry, and widely empowered it in the main financial business. As the core advantage business sector of New Founder Group, Peking University Medical Plate has a world-class medical brand and Peking University International Hospital with the mission of "building a world-class hospital", whether it is the scale of offline industry, the level of medical technology research and development and application, or the accumulation of medical and health big data, it is highly consistent with the strategic layout of Ping An Medical and Health Ecosystem of China. It is reported that on October 28, 2021, ping an's first batch of high-end health management centers were established in Beijing and Shenzhen, and the health management centers relied on medical resources such as Peking University International Hospital and Ping An Longhua Hospital to provide customers with full-closed-loop health management services such as prevention, medical treatment and rehabilitation. This is an important layout of Ping An in the field of high-end health management, and it is also a new exploration of the innovative service model of "insurance + health".
Ping An of China said that participating in the restructuring of Founder Group is an important measure for the company to further deepen the strategic layout of the medical and health industry and actively build a medical and health ecosystem. The company is committed to becoming the world's leading "integrated finance + medical health" service provider, and continues to build a "HMO + family doctor + O2O" medical and health ecological model with Chinese characteristics. In the future, by closely combining the high-quality medical resources under Peking University Medical Industry Group Co., Ltd. with Ping An's financial professional capabilities and medical technology capabilities, we will continue to build a medical and health ecosystem with "scenes, services, temperatures and frequencies", create a new engine for the company's future value to continue to grow, and contribute to the construction of "Healthy China".
Source: Ping An Life Ningbo Branch
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