ZhongAn Online P&C to raise HKD3.92bn via share placement
Zhongan Online P&C Insurance (HKEX: 6060) announced plans to raise approximately HKD3,923.8 million through a placing of new H shares. The company will issue 215,000,000 new H shares at a placing price of HKD18.25 per share. J.P. Morgan Securities (Asia Pacific) Limited, China International Capital Corporation Hong Kong Securities Limited, and Morgan Stanley Asia Limited are acting as placing agents. The net proceeds, estimated at HKD3,896.3 million, are earmarked for supplementing the company's capital, supporting fintech innovations, and general corporate purposes. The placing represents approximately 15.14% of the existing H shares in issue. Trading of the new shares is subject to the Listing Committee granting the necessary approvals. Completion of the placing is subject to certain conditions and the placing agents retain termination rights.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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