Brief: Fanhua Signs Definitive Agreement To Acquire Zhongji Shi’An Insurance Agency

AIFU

06/02/2023 10:44

Feb 6 (Reuters) - Fanhua Inc  FANH.O :
    * FANHUA SIGNS DEFINITIVE AGREEMENT TO ACQUIRE ZHONGJI
SHI’AN
INSURANCE AGENCY
    * FANHUA INC - COMPANY WILL ACQUIRE 51% OF EQUITY INTERESTS
OF
ZHONGJI WITH A STOCK CONSIDERATION OF UP TO 683,036 AMERICAN
DEPOSITARY SHARES
    * FANHUA INC -  STOCK CONSIDERATION IS SUBJECT TO A LOCK-UP
PERIOD
OF THREE YEARS AND WILL BE RELEASED FROM LOCK-UP IN TWO BATCHES
AFTER 2025

Source text for Eikon:  ID:nGNX9z0Yqj 
Further company coverage:  FANH.O 
 ((Reuters.Briefs@thomsonreuters.com;))