Jin10 reported on June 26 that ZhongAn Online (06060.HK) announced on the Hong Kong Stock Exchange that the company intends to issue new H shares under the general mandate, with a placement price of HK$18.25 per share. The total amount of funds raised from the placement is expected to be approximately HK$3.924 billion. The company plans to use the net proceeds from the placement to replenish the company's capital, support the company's investment in innovation in the fintech sector, and for general corporate purposes.
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ZhongAn Online: Plans to place new H-shares to raise approximately HK$3.924 billion
Jin10 reported on June 26 that ZhongAn Online (06060.HK) announced on the Hong Kong Stock Exchange that the company intends to issue new H shares under the general mandate, with a placement price of HK$18.25 per share. The total amount of funds raised from the placement is expected to be approximately HK$3.924 billion. The company plans to use the net proceeds from the placement to replenish the company's capital, support the company's investment in innovation in the fintech sector, and for general corporate purposes.