IPO Review Hengguang Holding Co. HGIA Stock, Initial Public Offering

Company Description

Heng Guang Cayman is a holding company controlling the national insurance agency operations based in China via variable interest contractual arrangements with our operating entities, Heng Guang Insurance and its subsidiaries.

In September 2020, after the auto insurance reform in China, Heng Guang Insurance was a pioneer insurance intermediary in launching the auto insurance one-click system in Heng Kuai Bao, which gained its popularity in the auto-insurance market.

As of May 2021, Heng Guang Insurance grew from one branch office in Guangan City to forty-eight (48) locations sprawling in fifteen (15) provinces and municipalities in the Southwest and Northeast of the PRC.

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