Zhong An Group Limited Completes Sale of Shares in Subsidiary, Raising HK$38.93 Million for Core Business Development

Reuters

2025/09/29

Zhong An Group Limited Completes Sale of Shares in Subsidiary, Raising HK$38.93 Million for Core Business Development

Zhong An Group Limited has announced the completion of its disposal of shares in a subsidiary, following previous announcements made on 31 August 2025 and 15 September 2025. According to the company, an aggregate of 11,204,000 shares were successfully placed through a placing agent at a price of HK$3.53 per share, raising gross proceeds of approximately HK$39.55 million. Net proceeds from the transaction, amounting to about HK$38.93 million after related expenses, are intended to support the future development of Zhong An Group's core businesses, including property development and related activities, as well as new research, market expansion, and growth opportunities. The company confirmed that all placees are independent third parties and that none has become a substantial shareholder as a result of the transaction.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Zhong An Group Limited published the original content used to generate this news brief on September 29, 2025, and is solely responsible for the information contained therein.

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According to the company, an aggregate of 11,204,000 shares were successfully placed through a placing agent at a price of HK$3.53 per share, raising gross proceeds of approximately HK$39.55 million. Net proceeds from the transaction, amounting to about HK$38.93 million after related expenses, are intended to support the future development of Zhong An Group's core businesses, including property development and related activities, as well as new research, market expansion, and growth opportunities. The company confirmed that all placees are independent third parties and that none has become a substantial shareholder as a result of the transaction.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Zhong An Group Limited published the original content used to generate this news brief on September 29, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK1240","symbol_name":"房地產開發","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250929:nNDL4sN0TK:1","article_id":"2571889385","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2571889385","pubTimestamp":1759136938,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Zhong An Group Limited has announced the completion of its disposal of shares in a subsidiary, following previous announcements made on 31 August 2025 and 15 September 2025. According to the company, an aggregate of 11,204,000 shares were successfully placed through a placing agent at a price of HK$3.53 per share, raising gross proceeds of approximately HK$39.55 million. Net proceeds from the transaction, amounting to about HK$38.93 million after related expenses, are intended to support the future development of Zhong An Group's core businesses, including property development and related activities, as well as new research, market expansion, and growth opportunities. The company confirmed that all placees are independent third parties and that none has become a substantial shareholder as a result of the transaction.Disclaimer: This news brief was created by Public Technologies  using generative artificial intelligence. 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