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ZhongAn Online P & C Insurance Co., Ltd ( (HK:6060) ) just unveiled an announcement.
ZhongAn Online P & C Insurance Co., Ltd has announced a proposed increase in the annual caps for property management service fees payable under its Property Framework Agreement for 2026 and 2027, raising the limits from RMB17 million to RMB30 million for each year. The revision reflects expectations that expenses for property management services provided by RGMD Group, a connected party linked to non-executive director Yaping Ou, will exceed the previously approved caps. While the revised annual caps trigger reporting, announcement and annual review obligations under Hong Kong’s connected transaction rules, they remain below the threshold requiring independent shareholder approval, indicating a moderate expansion in operational property costs without altering the underlying terms of the agreement or the broader governance structure.
The most recent analyst rating on (HK:6060) stock is a Hold with a HK$16.00 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 mainland China-incorporated online property and casualty insurer that also conducts business in Hong Kong under the name “ZA Online Fintech P & C.” The company focuses on technology-driven insurance solutions and related services, operating within the regulated framework of the Hong Kong stock market under stock code 6060.
Average Trading Volume: 12,344,621
Technical Sentiment Signal: Sell
Current Market Cap: HK$26.96B
For a thorough assessment of 6060 stock, go to TipRanks’ Stock Analysis page.