TechFlow, July 5 — According to Caixin Network, ZhongAn Online has announced the completion of placing 215 million new H-shares, raising a total of HK$3.924 billion. The placement price was HK$18.25 per share, representing 13.15% of the enlarged issued H-shares and 12.76% of the total issued shares.
Previously, after Hong Kong's Legislative Council passed the Stablecoin Bill, ZhongAn Bank promptly announced it would become Hong Kong's first digital bank to offer dedicated reserve banking services for stablecoin issuers, and has partnered with OSL, one of the HKMA's首批 sandbox participants.
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