Zhongan Online (06060): Zhongan Technology increases capital to Zhongan International.

date
03/09/2025
Capitalwise Financial APP News: ZhongAn Online (06060) announced on August 29, 2025 that ZhongAn International has entered into a stock subscription agreement with ZhongAn Technology, Z Fin, Warrior, Opportunities Fund, Cosmos, OKG, and Northstar. ZhongAn Technology conditionally agreed to subscribe, and ZhongAn International conditionally agreed to issue and distribute up to 135 million shares of ZhongAn International common stock at a purchase price of $0.4225 per share of ZhongAn International common stock. Upon completion of the subscription matters and at the same time, as the purchase price per share of ZhongAn International common stock under the subscription matters is lower than the adjusted purchase price under the previous shareholder agreement, the anti-dilution mechanism under the previous shareholder agreement will be triggered, and ZhongAn Technology, Z Fin, Warrior, and Opportunities Fund will be issued 3.7398 million shares, 4.3133 million shares, 0.1999 million shares, and 0.9995 million shares of ZhongAn International common stock for free.