ZHONGAN GROUP plans to sell up to 48.3 million shares of ZhongAn Smart, netting approximately HKD 168.5 million
ZHONGAN GROUP plans to sell up to 48.3 million shares of ZHONGAN Smart through a placement agent, expecting to raise approximately HKD 168.5 million net. Each placement share is priced at HKD 3.53, representing a discount of about 15.14% to the market price. The funds raised will be used to strengthen the development of the group's core business, including investing in new industries and expanding market share. After the placement is completed, ZHONGAN GROUP will indirectly hold approximately 64.1% of the shares of ZHONGAN Smart
According to the Zhontong Finance APP, ZHONGAN GROUP (00672) announced that on August 31, 2025, the company entered into a placement agreement with the placement agent, intending to place up to 48.3 million placement shares to no fewer than six independent placees, representing approximately 9.3% of the total issued share capital of ZhongAn Technology as of the date of this announcement. Each placement share is priced at HKD 3.53, a discount of approximately 15.14% compared to the closing price of HKD 4.16 per share of ZhongAn Technology on the date of the placement agreement on the Stock Exchange. The net proceeds from the placement are approximately HKD 168.5 million, which are intended to strengthen the future development of the group's core business, including but not limited to investments in new industry research and development, expanding market share, and exploring new growth opportunities.
ZhongAn Technology is a company listed on the Stock Exchange and is a subsidiary of the company. As of the date of this announcement, the company indirectly holds approximately 73.4% of the total issued shares of ZhongAn Technology. Upon completion of the placement, assuming all 48.3 million placement shares are successfully placed by the placement agent, the company will indirectly hold approximately 64.1% of the total issued shares of ZhongAn Technology
