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BRIEF-Huize To Acquire Regional Insurance Agency Shengs Life & General

reuters.com · 09/24/2021 06:14
BRIEF-Huize To Acquire Regional Insurance Agency Shengs Life & General

- Huize Holding Ltd HUIZ:

  • 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


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