Huize’s International Arm Poni Insurtech Completes Acquisition of Controlling Stake in Global Care, a Leading Insurtech Platform in Vietnam
Huize Holding Limited - American Depositary Shares (HUIZ)
Company Research
Source: GlobeNewswire
SHENZHEN, China, Sept. 05, 2024 (GLOBE NEWSWIRE) -- Huize Holding Limited, (“Huize” or the “Company”) (NASDAQ: HUIZ), a leading insurance technology platform connecting consumers, insurance carriers and distribution partners digitally through data-driven and AI-powered solutions in Asia, today announced the completion of its international arm Poni Insurtech’s acquisition of 71.7% stake in Global Care Consulting Joint Stock Company (“Global Care”), a leading Vietnam-based insurtech company specializing in digital transformation solutions for the insurance industry. The acquisition was completed through a combination of existing share purchases and subscription of new shares. As part of the transaction, VinaCapital Ventures, the technology investment arm of VinaCapital Group, received newly issued class A common shares of Huize, representing approximately 1.7% of the Company’s fully diluted share capital, with 50% of the newly issued shares subject to a one-year lock-up period. Upon
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HUIZ
News
- Huize Holding Limited Announces Plan to Implement ADS Ratio Change [Yahoo! Finance]Yahoo! Finance
- Huize Holding Limited Announces Plan to Implement ADS Ratio ChangeGlobeNewswire
- Huize's “Chang Xiang An No.2” Long-Term Medical Insurance Product Wins “Annual Popular Commercial Health Insurance Product” Award from Today Insurance [Yahoo! Finance]Yahoo! Finance
- Huize’s “Chang Xiang An No.2” Long-Term Medical Insurance Product Wins “Annual Popular Commercial Health Insurance Product” Award from Today InsuranceGlobeNewswire
- New China Life Insurance (SHSE:601336) Reports Strong Earnings Growth and Strategic Alliances for 2024 [Yahoo! Finance]Yahoo! Finance
HUIZ
Sec Filings
- 11/19/24 - Form F-6
- 11/19/24 - Form 6-K
- 10/31/24 - Form 6-K
- HUIZ's page on the SEC website