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Zhong An Group Limited ( (HK:0672) ) has shared an announcement.
Zhong An Group Limited, a company incorporated in the Cayman Islands, has announced a discloseable transaction involving the disposal of shares in its subsidiary, Zhong An Intelligent. The company has entered into a Placing Agreement with GEO Securities Limited to place up to 48,300,000 shares, representing approximately 9.3% of Zhong An Intelligent’s total issued share capital, to independent placees. This transaction will reduce Zhong An Group’s indirect holding in Zhong An Intelligent from approximately 73.4% to 64.1%, but Zhong An Intelligent will remain a subsidiary, and its financial results will continue to be consolidated into Zhong An Group’s financial statements. The transaction is subject to certain conditions and may not proceed, and it is classified as a discloseable transaction under the Listing Rules, requiring notification and announcement.
More about Zhong An Group Limited
YTD Price Performance: 34.55%
Average Trading Volume: 8,353,109
Technical Sentiment Signal: Buy
Current Market Cap: HK$834.1M
For a thorough assessment of 0672 stock, go to TipRanks’ Stock Analysis page.