Puyi Announces Signing of First Supplementary Agreement to the Strategic Framework Agreement with White Group and Changes to Its Board and Management
Puyi Inc. - American Depository Shares (PUYI)
Company Research
Source: GlobeNewswire
GUANGZHOU, China, Feb. 20, 2024 (GLOBE NEWSWIRE) -- Puyi Inc. (NASDAQ: PUYI) (“Puyi” or the “Company”), a leading third-party wealth management services provider in China, today announces the signing of first supplementary agreement (the “Agreement”) with Singapore White Group Pte. Ltd. (“White Group”) to the framework strategic agreement previously disclosed on February 2, 2024. Pursuant to the Agreement, both parties agree to the following matters: White Group intends to inject assets into Puyi aimed at assisting Puyi in driving its artificial intelligence development and international expansion by setting up new offices in Singapore, Vietnam, Europe, the United States and Hong Kong, allowing Puyi to initiate a new phase of strong growth and achieve the “Highest Performances”.White Group and its partnerships will invest up to US$500 million in Puyi through new share subscriptions.The main objective of both parties is to explore investments in various high-quality assets
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PUYI
News
- Puyi Inc. Announces Change of Its Name to Highest Performances Holdings Inc. and the Results of Its Extraordinary General Meeting of Shareholders on March 13, 2024 [Yahoo! Finance]Yahoo! Finance
- Puyi Inc. Announces Change of Its Name to Highest Performances Holdings Inc. and the Results of Its Extraordinary General Meeting of Shareholders on March 13, 2024GlobeNewswire
- Puyi's Top Leaders Resign Amid $500 Million Investment [MarketWatch]MarketWatch
- Puyi Announces Signing of First Supplementary Agreement to the Strategic Framework Agreement with White Group and Changes to Its Board and Management [Yahoo! Finance]Yahoo! Finance
- Puyi Inc. Announces the Postponement of the Extraordinary General MeetingGlobeNewswire
PUYI
Sec Filings
- 3/13/24 - Form 6-K
- 3/13/24 - Form 424B3
- 3/11/24 - Form S-8
- PUYI's page on the SEC website