zombierollerzpinballheroes| Zhongan Insurance purchased two properties on the Bund in Shanghai for 1.437 billion yuan

RecentlyZombierollerzpinballheroesZhongan Insurance issued an announcement announcing the completion of the acquisition of two sites located in the central business district of the Bund in Shanghai.ZombierollerzpinballheroesThe total consideration of the property is about 14.Zombierollerzpinballheroes.37 billion yuan.

Specifically, among the two properties acquired, one is the "Locke Bund Source" project at No. 219 Old Summer Palace Road, Huangpu District, Shanghai, China, with a total floor area of 6563.Zombierollerzpinballheroes.47 square meters at a price of RMB 591 million.

The other is the total floor space available for sale in Building 27 of the "Locke Bund Source" project at 108,118,122Beijing East Road, Huangpu District, Shanghai, China, with a total floor area of 9380.51 square meters at a cost of RMB 845 million.

Both do not include other fees payable (such as government registration fees) and do not take into account the relevant taxes.

(photo Source: Zhongan Insurance Bulletin)

Zhongan Insurance said that the property purchased this time is located in the central business district of the Bund in Shanghai. It is a landmark on the Bund and is scarce. Through this acquisition, the strategic cooperation with the territorial government will be further strengthened to create a representative and exemplary world-class financial technology agglomeration. In addition, this acquisition can reduce the rental cost of Zhongan Insurance. It will have a beneficial impact on reducing the overall cost of the company.

Zhongan Insurance, the first Internet insurance company in China, was unveiled on November 6, 2013. Its main shareholders include Ant Technology Group, Ping an of China and Tencent Holdings. It was listed on the main board of the Hong Kong Stock Exchange on September 28, 2017.

According to the 2023 results released by Zhongan Insurance, in 2023, Zhongan Insurance realized insurance service income of 27.535 billion yuan, an increase of 24.2 percent over the same period last year, and a net profit of 3.797 billion yuan, compared with a loss of 1.384 billion yuan last year.

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