Fanhua signs definitive agreement to acquire taiping online insurance agency

Guangzhou, china, feb. 08, 2023 (globe newswire) -- fanhua inc. (“fanhua” or the “company”) (nasdaq: fanh), a leading independent financial services provider in china, today announced that it has signed a definitive agreement (the “agreement”) with the existing shareholders of wuhan taiping online insurance agency co., ltd. (“taiping”), 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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