Huize Expands Globally With Acquisition of Vietnam's Global Care, Financial Terms Undisclosed
Huize Expands Globally With Acquisition of Vietnam's Global Care, Financial Terms Undisclosed
Huize Holding Limited, ("Huize" or the "Company") (NASDAQ:HUIZ), a leading insurance technology platform connecting consumers, insurance carriers and distribution partners digitally through data-driven and AI-powered solutions in Asia, today expanded its global footprint with the acquisition of Global Care Consulting Joint Stock Company ("Global Care"), a pioneering insurtech company in Vietnam specialized in digital transformation solutions for the insurance industry.
保險科技平台慧擇控股有限公司（"慧擇" or the "Company")（納斯達克：HUIZ）是亞洲領先的保險科技平台，通過數據驅動和人工智能驅動的解決方案，數字化連接消費者、保險公司和分銷合作伙伴，今天通過收購越南保險技術數字轉型解決方案公司Global Care Consulting Joint Stock Company（"Global Care"）將其全球業務推展到全球。
The acquisition marks the first step in the global expansion of Huize's new international brand Poni Insurtech starting with ASEAN, a region with significant market parallels to China including rapidly growing economies, large and young demographics, urbanizing middle-class populations and increasing demand for digital insurance solutions, offering tremendous market opportunities for the Company to replicate its successful digital insurance model from its home market starting with Vietnam.
此次收購標誌着慧擇全球品牌Poni Insurtech的全球擴張的第一步，起始點爲東盟國家。東盟國家與中國有相似的市場特徵，包括經濟增長迅速、人口龐大而年輕、中產階級城市化趨勢明顯以及對數字化保險解決方案的需求增加，爲公司提供了巨大的市場機會，在越南開始複製其在本土市場的成功數字化保險模式。
Established in 2017, Global Care is a leading insurtech company in Vietnam empowering insurers to streamline and digitize their sales processes, policy administration, and operations. Global Care's suite of cloud-based API solutions and mobile apps offer a broad range of embedded and customized insurance products to a diverse customer base by connecting insurers with merchants and various distribution channels, including leading e-commerce platforms such as Grab and Ahamove. In 2023, Global Care facilitated 13.5 million policies on its platform with revenue more than quadrupling year-over-year and registered users growing in excess of 1.3 million.
Global Care成立於2017年，是越南領先的保險科技公司，幫助保險公司簡化和數字化銷售流程、保單管理和運營。Global Care的雲API解決方案和移動應用程序組合爲廣泛的客戶群提供了多樣化的嵌入式和定製保險產品，通過將保險公司與商家和各種分銷渠道（包括Grab和Ahamove等領先的電子商務平台）連接起來。2023年，Global Care的平台促成了1350萬份保單，年收入同比增長逾四倍，註冊用戶超過130萬。根據交易文件，慧擇將通過其新成立的國際部門Poni Insurtech通過多次交易購買現有股份和認購新股份來收購Global Care的控股權。在收購過程中，越南領先投資管理公司VinaCapital Group的科技投資公司VinaCapital Ventures將獲得新發行的慧擇Class A普通股的部分考慮，它預示着已發行股本在全面攤薄基礎上的約1.7％，其中50％將受制於爲期一年的鎖定期限制。完成交易後，Global Care將成爲慧擇的子公司，其財務結果將被合併入公司的基本報表中。
Pursuant to the transaction documents, Huize through its newly established international arm Poni Insurtech will acquire a controlling stake in Global Care through purchase of existing shares and subscription of new shares in multiple closings. In connection with the acquisition, VinaCapital Ventures, the technology investment vehicle of VinaCapital Group, a leading investment management firm in Vietnam with USD4 billion of assets under management, will receive as partial consideration newly issued class A common shares of Huize representing approximately 1.7% of issued share capital on a fully-diluted basis, and 50% of which will be subject to a one-year lock-up period. Upon completion, Global Care will become Huize's subsidiary and its financial results will be consolidated into the Company's consolidated financial statements.
按照交易文件，慧擇將通過其新成立的國際部門Poni Insurtech通過多次交易購買現有股份和認購新股份來收購Global Care的控股權。在收購過程中，越南領先投資管理公司VinaCapital Group的科技投資公司VinaCapital Ventures將獲得新發行的慧擇Class A普通股的部分考慮，它預示着已發行股本在全面攤薄基礎上的約1.7％，其中50％將受制於爲期一年的鎖定期限制。完成交易後，Global Care將成爲慧擇的子公司，其財務結果將被合併入公司的基本報表中。
譯文內容由第三人軟體翻譯。