Brief: Fanhua Announces Execution Of Term Sheet To Acquire Majority Interests In Zhongrong Smart Finance Information Technology Co

AIFU

24/11/2022 07:07

Nov 24 (Reuters) - Fanhua Inc  FANH.O :
    * FANHUA ANNOUNCES EXECUTION OF A TERM SHEET TO ACQUIRE
MAJORITY
INTERESTS IN ZHONGRONG SMART FINANCE INFORMATION TECHNOLOGY CO.,
LTD.
    * FANHUA- PROPOSED DEAL TO INVOLVE ISSUANCE OF UP TO 62
MILLION
NEW SHARES OF CO, IN EXCHANGE FOR 57.73% OF THE EQUITY INTERESTS
OF ZHONGRONG

Source text for Eikon:  ID:nGNX6G8D8B 
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