SoftBank Group will buy a 5% stake in ZhongAn, China’s first online-only insurance agency

 SoftBank Group has agreed to be a cornerstone investor in the initial public offering of ZhongAn, China’s first online-only insurance agency, on the Hong Kong Stock Exchange today. SoftBank Group will buy a 5 percent stake in the company, or about 72 million shares, at the offer price, which is in the range of HKD $53.70 to HKD $59.70 per share. If calculated based on the… Read More

Author: Catherine Shu
Published at: Mon, 18 Sep 2017 03:58:00 +0000

Credits: https://www.techcrunch.com