Huize Holding Ltd (HUIZ.US) Surges Over 7.8% Following Singapore Financial License Approval

Stock News

09/18

Huize Holding Ltd (HUIZ.US) saw significant gains in trading, with shares climbing over 7.8% to $3.30 per share at the time of writing. The rally was driven by news that the company's international brand, Poni Insurtech, has successfully obtained financial advisory and insurance brokerage licenses from the Monetary Authority of Singapore (MAS). This development represents a key milestone in Huize Holding Ltd's strategic expansion beyond the China and Hong Kong markets. The China-based company has also announced plans to enter the Indonesian and Philippine markets, though no specific timeline has been provided for these expansions.

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