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Zhongan Online Completes HK$3.924 Billion Placement, Its Business Expected to Benefit from Hong Kong Stablecoin Regulations
Summary: According to Caixin, Zhongan Online has announced the completion of a placement of 2.15 billion new H shares, raising a total of HK$3.924 billion. The placement price was HK$18.25 per share, representing 13.15% of the enlarged issued H shares and 12.76% of the total issued shares. Since May this year, Zhongan Online's stock price has ...
According to Caixin, Zhongan Online has announced the completion of a placement of 2.15 billion new H shares, raising a total of HK$3.924 billion. The placement price was HK$18.25 per share, representing 13.15% of the enlarged issued H shares and 12.76% of the total issued shares. Since May this year, Zhongan Online's stock price has seen a significant increase, mainly due to Hong Kong's stablecoin regulations and its 43.43% stake in ZA Bank.
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Link: Zhongan Online Completes HK$3.924 Billion Placement, Its Business Expected to Benefit from Hong Kong Stablecoin Regulations [Copy]
