Hengguang Holding Co., Limited (HGIA)

Hengguang Holding Co., will go public soon, but the exact IPO date is still unknown.
Stock Price: $4.00 - $5.00
Current IPO price range

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.

Heng Guang Insurance was established in 2004 and has developed a successful business strategy in the City of Guangan, Sichuan Province. In 2016, Heng Guang Insurance was granted with its Chinese national insurance agency qualification and Internet insurance agency license, and formally established its corporate strategy of expanding its digital insurance agency services.

In 2019, Heng Guang Insurance accelerated its digitalization process and began to develop a digital sales application platform- “Heng Kuai Bao (meaning fast insurance agency)”, aiming to enhance the insurance service efficiency, improve user experiences, and empower its agents with new technologies.

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.

Hengguang Holding Co., Limited
Country China
Founded 2004
Industry Financials
Sector Insurance
Employees 99
CEO Zhang Jiulin

Contact Details

Address:
1666 Chenglong Road, Section 2, Building 2, 5th Floor
Longquanyi District, Chengdu, Sichuan Province 61000
China
Phone +86 (400) 028-1990

Stock Details

Ticker Symbol HGIA
Exchange NASDAQ
Fiscal Year January - December
Reporting Currency US Dollars
CIK Code 1868110

Key Executives

Name Position
Zhang Jiulin Chief Executive Officer and Chairman of the Board of Directors
Yao-te Wang Chief Financial Officer
Yi Wang Chief Technical Officer Nominee
Guangming Liu Independent Director Nominee
Edward Rhodes Independent Director Nominee
Haosong Zhang Independent Director Nominee

Latest SEC Filings

Date Type Title
Jun 30, 2022 F-1/A Registration statement for certain foreign private issuers
Mar 30, 2022 F-1/A Registration statement for certain foreign private issuers
Jan 18, 2022 F-1 Registration statement for certain foreign private issuers