Summary by Moomoo AI
ZhongAn Online announced after the trading period of April 30, 2024 that it signed a purchase and sale agreement with Shanghai Rockefeller Group Bund Yuanyuan Integrated Development Co., Ltd., agreeing to purchase two properties located in Shanghai's Huangpu District for a total price of RMB14,3655 million 2598. The transaction is subject to disclosure in accordance with Chapter 14 of the Listing Rules as the maximum applicable percentage is greater than 5% but less than 25%. The acquisition will be completed on April 30, 2024 and may be completed at a different date under the terms of the agreement. ZhongAn Online said the acquisition will reduce rental costs and strategically work with local governments to promote the development of the fintech industry. The seller is a subsidiary of Rockefeller Group Asia Pacific, Inc., and is not a contact of the online non-executive director Eurasia Ping and is therefore an independent third party. CHONGAN ONLINE IS AN INTERNET INSURANCE TECHNOLOGY COMPANY THAT PRIMARILY PROVIDES INSURANCE PRODUCTS AND SOLUTIONS.