Changes in Hong Kong stocks | White Pigeon Online (02672) rose more than 9% at the end of the session, and the board of directors approved the recommendation that the full circulation of H shares involve the conversion of 170 million domestic shares

The Zhitong Finance App learned that White Pigeon Online (02672) rose more than 9% at the end of the session, rising more than 27% during the month. As of press release, it rose 8.72% to HK$70.45, with a turnover of HK$45.29 million.

According to the news, White Pigeon Online recently announced that on September 28, the board of directors reviewed and approved a proposal to convert 170 million unlisted shares held by five domestic shareholders of the Company into H shares of the Company, accounting for about 52.91% of the total issued share capital of the Company on the date of this announcement. As of the announcement date, the company has not submitted filing documents to the China Securities Regulatory Commission for the full circulation of H shares.

According to public information, White Pigeon Online's main business is internet insurance transaction services. China Investment Securities International pointed out that scenario insurance premiums are growing faster than the Internet insurance market, and that long-term scenarios such as takeout, cross-border logistics, and leasing equipment still have sustainable downstream cooperation platforms; the company relies on insurance to expand marketing and digital solution services, or has the potential for incremental revenue contributions and business transformation.