Brief: Huize To Acquire Regional Insurance Agency Shengs Life & General

Huize Holding

24/09/2021 11:14

Sept 24 (Reuters) - Huize Holding Ltd  HUIZ.O :
    * HUIZE ANNOUNCES DEFINITIVE AGREEMENT TO ACQUIRE LEADING
REGIONAL
INSURANCE AGENCY SHENGS LIFE & GENERAL
    * HUIZE HOLDING LTD - ZHIXUAN INVESTMENT WILL ACQUIRE 56.19%
EQUITY INTEREST IN SHENGS GROUP FOR SHARE PRICE OF ABOUT
RMB42.68 MILLION IN CASH
    * HUIZE HOLDING LTD - SHENGS LIFE & GENERAL WILL BE
ACCOUNTED FOR
AS A CONSOLIDATED SUBSIDIARY OF COMPANY
    * HUIZE HOLDING LTD - SHENGS LIFE & GENERAL WILL UNDERGO
SERIES OF
RESTRUCTURING SO AS TO BECOME A WHOLLY-OWNED SUBSIDIARY OF A
GROUP COMPANY

Source text for Eikon:  ID:nGNXb0XsPy 
Further company coverage:  HUIZ.O 

 ((Reuters.Briefs@thomsonreuters.com;))