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ZhongAn Online P & C Insurance Co., Ltd ( (HK:6060) ) has shared an announcement.
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. To see the full list of analyst forecasts on ZhongAn Online P & C Insurance Co., Ltd stock, see the HK:6060 Stock Forecast page.
More about ZhongAn Online P & C Insurance Co., Ltd
ZhongAn Online P & C Insurance Co., Ltd is a joint stock company incorporated in the People’s Republic of China, operating in the insurance industry with a focus on fintech innovations. It carries out business in Hong Kong under the name ‘ZA Online Fintech P & C’.
Average Trading Volume: 39,880,001
Technical Sentiment Signal: Buy
Current Market Cap: HK$30.57B
Find detailed analytics on 6060 stock on TipRanks’ Stock Analysis page.