HK Movers | ZhongAn Online Announces HK$3.9 Billion Share Placement, Shares Drop 9%

Tiger Newspress

Yesterday

ZhongAn Online shares sank 8.6% in morning trading.

ZhongAn Online P & C Insurance Co., Ltd announced a placement of new H shares under a general mandate, aiming to raise approximately HK$3,896.3 million in net proceeds. The funds will be used to supplement the company’s capital, support fintech innovations, and for general corporate purposes, enhancing its market positioning and operational capabilities.

The most recent analyst rating on (HK:6060) stock is a Buy with a HK$12.40 price target.

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The funds will be used to supplement the company’s capital, support fintech innovations, and for general corporate purposes, enhancing its market positioning and operational capabilities.</p><p style=\"text-align: start;\">The most recent analyst rating on (HK:6060) stock is a Buy with a HK$12.40 price target.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"06060","symbol_name":"众安在线","start_time":0,"source_url":"","article_id":"1180196322","we_media_id":"1079075236","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1180196322","pubTimestamp":1750903115,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Tiger Newspress","introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"summary":"$ZhongAn Online$ shares sank 8% in morning trading.ZhongAn Online P & C Insurance Co., Ltd announced a placement of new H shares under a general mandate, aiming to raise approximately HK$3,896.3 million in net proceeds. 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