Zhongan Group (00672) intends to sell up to 48.3 million shares of Zhongan Intelligent Holdings, raising approximately 1.685 billion Hong Kong dollars.

CapitalTrends APP News, ZhongAn Group (00672) announced that on August 31, 2025, the company entered into a placing agreement with the placing agent. The company plans to issue a maximum of 48.3 million placing shares to at least six independent placees through the placing agent, equivalent to approximately 9.3% of ZhongAn Smart's issued share capital as of the date of this announcement. The placing price per share is HK$3.53, representing a discount of approximately 15.14% compared to the closing market price of HK$4.16 per share of ZhongAn Smart on the date of the placing agreement on the Stock Exchange. The net proceeds from the placing amount to approximately HK$168.5 million, which will be used to strengthen the future development of the group's core business, including but not limited to investing in new industry research and development, expanding market share, and exploring new growth opportunities.