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Beibu Gulf Insurance approved to change shareholders; Guangxi Jintou Group no longer holds shares.
**Insight Network Finance News: **On April 7, the Guangxi Financial Regulation Bureau’s website released an approval regarding a change of shareholders at Beibu Gulf Property & Casualty Insurance Co., Ltd. It approved that Guangxi Investment Group Financial Holding Co., Ltd. would acquire, respectively, the 300M shares and 145.95M shares in Beibu Gulf Property & Casualty Insurance Co., Ltd. held by Guangxi Financial Investment Group Co., Ltd. and Guangxi Yangtze Tiancheng Investment Group Co., Ltd. After the transfer, Guangxi Financial Investment Group Co., Ltd. no longer holds shares in Beibu Gulf Property & Casualty Insurance Co., Ltd. Guangxi Yangtze Tiancheng Investment Group Co., Ltd. holds 405 million shares, representing a 0.27% stake; Guangxi Investment Group Financial Holding Co., Ltd. holds 4.05M shares, representing a 29.73% stake.