News China17 Feb 2023

Fanhua on acquisition trail

| 17 Feb 2023

Nasdaq-listed Fanhua Inc, a leading independent financial services provider in China, has signed a definitive agreement with the existing shareholders of Wuhan Taiping Online Insurance Agency to acquire 51% of the equity interests of Taiping. The transaction is expected to be completed in the first quarter of 2023, subject to certain customary conditions.

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