{"id":16440,"date":"2025-07-07T09:08:06","date_gmt":"2025-07-07T09:08:06","guid":{"rendered":"https:\/\/www.hotelsalepage.com\/feed\/cision-pr-newswire\/zhongan-online-completed-us500-million-h-share-placement-to-fuel-strategic-growth\/"},"modified":"2025-07-07T09:08:06","modified_gmt":"2025-07-07T09:08:06","slug":"zhongan-online-completed-us500-million-h-share-placement-to-fuel-strategic-growth-2","status":"publish","type":"post","link":"https:\/\/thaipropertynews.com\/feeds\/?p=16440","title":{"rendered":"ZhongAn Online Completed US$500 Million H Share Placement to Fuel Strategic Growth"},"content":{"rendered":"<p> <span class=\"legendSpanClass\">HONG KONG<\/span>, <span class=\"legendSpanClass\">July 7, 2025<\/span> \/PRNewswire\/ &#8212; ZhongAn Online P &amp; C Insurance Co., Ltd. (&#8220;<b>ZhongAn<\/b>&#8221; or the &#8220;<b>Company<\/b>&#8220;; HKEX: 6060) announced on July 4 the successful completion of its H share placement, raising gross proceeds of approximately HK$3.92 billion (US$500 million). This marks the Company&#8217;s first equity financing since its 2017 IPO and signifies a major milestone in advancing its growth strategy.\u00a0<\/p>\n<p>A total of 215 million new H shares were issued at HK$18.25 per share, representing approximately 12.76% of the Company&#8217;s enlarged share capital. The placement achieved significant market recognition as the largest 100% primary placement globally by a fintech company in 2025 year-to-date; the largest primary placement by an insurance company in Hong Kong in the past decade; and the largest equity placement in Hong Kong&#8217;s financial sector in the last three years.<\/p>\n<p>Net proceeds from the placement will strengthen ZhongAn&#8217;s capital base to accelerate its business development:<\/p>\n<ul type=\"disc\">\n<li>60% will be used for its insurance underwriting and asset management businesses;<\/li>\n<li>30% will be used to support its investment in fintech innovations; and<\/li>\n<li>the remaining 10% will be used for general corporate purposes.<\/li>\n<\/ul>\n<p>The Board of Directors of ZhongAn stated: &#8220;This successful placement is a transformative step in ZhongAn&#8217;s evolution. The capital infusion empowers our dual-engine strategy\u2014driving core insurance growth while scaling technology-driven solutions. Through disciplined deployment, we will further unlock synergies at the intersection of finance and technology, delivering sustainable value to stakeholders.&#8221;\u00a0<\/p>\n<p>The placement underscores robust investor confidence in ZhongAn&#8217;s vision to redefine insurance and finance through digital innovation.\u00a0<\/p>\n<p> <u>About ZhongAn:<\/u> <\/p>\n<p>As the first internet-based\u00a0InsurTech company in China, ZhongAn redefines insurance with cutting-edge technology and innovative business models. The Company operates on a dual-engine &#8220;Insurance + Technology&#8221; strategy, embedding technology end-to-end across the insurance value chain. This deep integration empowers underwriting, distribution, and service innovation while unlocking new efficiencies. By leveraging users&#8217; digital lifestyles through proprietary platforms and ecosystem partners, ZhongAn delivers innovative, accessible insurance solutions tailored to evolving protection needs. Its ecosystem-centric approach creates sustainable value for users while redefining industry standards.<\/p>\n<p>Investor Relations Contact:<br \/>ZhongAn Investor Relations Team: <a href=\"mailto:IR@ZhongAn.com\" target=\"_blank\" rel=\"nofollow\">IR@ZhongAn.com<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p><!-- wp:html --><\/p>\n<p> <span class=\"legendSpanClass\">HONG KONG<\/span>, <span class=\"legendSpanClass\">July 7, 2025<\/span> \/PRNewswire\/ &#8212; ZhongAn Online P &amp; C Insurance Co., Ltd. (&#8220;<b>ZhongAn<\/b>&#8221; or the &#8220;<b>Company<\/b>&#8220;; HKEX: 6060) announced on July 4 the successful completion of its H share placement, raising gross proceeds of approximately HK$3.92 billion (US$500 million). This marks the Company&#8217;s first equity financing since its 2017 IPO and signifies a major milestone in advancing its growth strategy.\u00a0<\/p>\n<p>A total of 215 million new H shares were issued at HK$18.25 per share, representing approximately 12.76% of the Company&#8217;s enlarged share capital. The placement achieved significant market recognition as the largest 100% primary placement globally by a fintech company in 2025 year-to-date; the largest primary placement by an insurance company in Hong Kong in the past decade; and the largest equity placement in Hong Kong&#8217;s financial sector in the last three years.<\/p>\n<p>Net proceeds from the placement will strengthen ZhongAn&#8217;s capital base to accelerate its business development:<\/p>\n<ul type=\"disc\">\n<li>60% will be used for its insurance underwriting and asset management businesses;<\/li>\n<li>30% will be used to support its investment in fintech innovations; and<\/li>\n<li>the remaining 10% will be used for general corporate purposes.<\/li>\n<\/ul>\n<p>The Board of Directors of ZhongAn stated: &#8220;This successful placement is a transformative step in ZhongAn&#8217;s evolution. The capital infusion empowers our dual-engine strategy\u2014driving core insurance growth while scaling technology-driven solutions. Through disciplined deployment, we will further unlock synergies at the intersection of finance and technology, delivering sustainable value to stakeholders.&#8221;\u00a0<\/p>\n<p>The placement underscores robust investor confidence in ZhongAn&#8217;s vision to redefine insurance and finance through digital innovation.\u00a0<\/p>\n<p> <u>About ZhongAn:<\/u> <\/p>\n<p>As the first internet-based\u00a0InsurTech company in China, ZhongAn redefines insurance with cutting-edge technology and innovative business models. The Company operates on a dual-engine &#8220;Insurance + Technology&#8221; strategy, embedding technology end-to-end across the insurance value chain. This deep integration empowers underwriting, distribution, and service innovation while unlocking new efficiencies. By leveraging users&#8217; digital lifestyles through proprietary platforms and ecosystem partners, ZhongAn delivers innovative, accessible insurance solutions tailored to evolving protection needs. Its ecosystem-centric approach creates sustainable value for users while redefining industry standards.<\/p>\n<p>Investor Relations Contact:<br \/>ZhongAn Investor Relations Team: <a href=\"mailto:IR@ZhongAn.com\" target=\"_blank\" rel=\"nofollow\">IR@ZhongAn.com<\/a><\/p>\n<p><!-- \/wp:html --><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":[],"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[5,7],"tags":[],"class_list":["post-16440","post","type-post","status-publish","format-standard","hentry","category-cision-pr-newswire","category-cision-pr-newswire-en"],"_links":{"self":[{"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/posts\/16440","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=16440"}],"version-history":[{"count":0,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/posts\/16440\/revisions"}],"wp:attachment":[{"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16440"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16440"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16440"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}