Brief: Zhongan Online P & C Insurance Says Zhongan Technology Entered Share Subscription Agreement

Z Fin

18/07/2019 15:39

July 18 (Reuters) - ZhongAn Online P & C Insurance Co Ltd
 6060.HK :
    * ZHONGAN TECHNOLOGY ENTERED SHARE SUBSCRIPTION AGREEMENT
WITH
SINOLINK AND JVCO
    * SINOLINK TO SUBSCRIBE FOR AND JVCO TO ISSUE AN AGGREGATE
OF 980
MILLION NEW JVCO ORDINARY SHARES FOR RMB960.8 MILLION
    * ZHONGAN TECHNOLOGY AGREED TO SUBSCRIBE FOR 1.02 BILLION
NEW JV
CO ORDINARY SHARES FOR RMB1 BILLION PAYABLE IN CASH

Source text for Eikon:  ID:nHKS5SSblF 
Further company coverage:  6060.HK 

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