Odaily Planet Daily News Zhongan Online announced that its wholly-owned subsidiary Zhongan Technology plans to increase its capital to Zhongan International, which holds the virtual bank ZA Bank, by approximately HK$496 million. The transaction will be divided into initial and subsequent delivery. After the transaction is completed, it will invest in Zhongan International. The shareholding will increase from the current 43.65% to 45.04%.
ZhongAn Online stated that the company is optimistic about the prospects of ZhongAn International’s Hong Kong virtual bank and overseas market technology export business. (Economic Journal)