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China-based Zhongan online P & C insurance has increased the share of HK’s total revenue by 3.92BN ($ 500 million).
The operation marks the first example of capital financing for the company since its first public offers in 2017.
Accommodation, 215 million new h, $ 18.25 per share, which is about 12.76% of the authorized capital.
The net funds from this capital financing is designed to manage the company’s business development initiatives.
In particular, 60% of the funds will be allocated to the company’s main insurance and commissioned asset management operations, other 30% to invest in Fintech innovations.
The remaining 10% will be focused on general corporate goals.
Zhongan Board of Directors: “This successful accommodation is a transformative step in the evolution of Zhongan. The capital infusion, the measurement of the technology-managed solutions, the double-engine strategy increases driving levels.
“By disciplined placement, we will further emerge in the intersection of finance and technology, to the stakeholder.”
Zhongan is known as an “Insurance + Technology” strategy, an internet-based construction company, which increases its underwriting, distribution and customer service opportunities.
It was established in 2013 and later listed in the Hong Kong Exchange in 2017.
In mid-2023, Zhongan has served more than 500 million users and has provided about 57.4 billion insurance policy.
In addition, the company operates in sectors such as Southeast Asia, East Asia, East Asia, banking, insurance, securities, high-level production and internet platforms.
Zhongan online, IPO Post-IPO capital financing increased $ 3.92 billion in $ 3.92 billion ” Life insurance internationalA global brand.
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