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Za Online (06060): The qualification of Cai Chaohui's appointment as an independent non-executive director has been approved.
Za Online (06060) announced that the company recently received a notice from the China Banking and Insurance Regulatory Commission regarding the qualifications of Cai Chaohui's appointment...
Hong Kong Shares Rebound 2.9% Amid Positive Sentiment
Hong Kong's Hang Seng Index extended early gains to close 2.9% higher at 18430.39. There could be some optimism among investors that more may be done by the Chinese authorities in 2H, IG market strate
HK stocks are volatile | Za Online (06060) rises over 3%; Za International Technology completes $35 million Series A financing.
According to the Zhongtong Financial APP, Zhongan Online (06060) rose by more than 3%. As of the press time, it has risen by 3.55% to HKD 14.60, with a turnover of HKD 13.89 million. On the news front, on June 18, Zhongan International Technology (ZA Tech) announced the completion of a USD 35 million Series A financing and officially renamed itself as Peak3. The financing round was led by EQT, a large European private equity investment company, with JPMorgan serving as the exclusive financial advisor. Zhongan International Technology stated that with this round of financing as an opportunity, the company will accelerate its expansion in Europe, the Middle East and Africa (EMEA) region.
Zhong An International Technology has completed a $35 million Series A financing round, led by Yin Tu (EQT), and its revenue will achieve double-digit growth within the year.
On June 18th, ZA Tech, now officially renamed Peak3, announced completion of $35 million in Series A funding led by European private equity firm EQT, with JPMorgan serving as the exclusive financial advisor. As a global leader in SaaS insurance core system services, ZA Tech stated that this funding round will accelerate the company's expansion in Europe, the Middle East, and Africa (EMEA). At the same time, in line with the trend of AI-powered insurance, ZA Tech will also accelerate its development in the areas of AI and big data.
ZhongAn Online P & C Insurance's January-May Premiums Reach 12.4 Billion Yuan; Shares Rise 5%
ZhongAn Online P & C Insurance (HKG:6060) raked in 12.4 billion yuan in gross written premiums during the January-May period, according to a Thursday filing with the Hong Kong Stock Exchange. Shares j
Hong Kong stocks changes | Za Online (06060) rose nearly 6% in the afternoon, and the total amount of original insurance premiums from January to May increased by more than 10% year-on-year.
ZA Online (06060) rose nearly 6% in the afternoon, and as of press time, rose by 5.86% to HKD 14.46, with a turnover of HKD 86.97 million.
Franklin Tok : From article, it loss 83% share price over 3 years. Do be aware that it is under bear 3 market!
For similar stock, Lemonade in US facing loss > 90% even though in bull 3 market!
One of main reason incur loss by ZA Online was RMB depreciated against USD/HKD, do be ware that actual biz/revenue in RMB but reported in HKD (listed in HKSE)
So, it is selective or comparative bias?
娜娜的粉丝 Franklin Tok: In this kind of market that can only follow the direction of the Party, can you know how much of Zhongan's premium income reserves is forced to invest in Chinese real estate bonds? And how many CITI bonds must be backed up?