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Stock impact report

Puyi in Investment Pact With Singapore White Group [MarketWatch]

Puyi Inc. - American Depository Shares (PUYI) 
Company Research Source: MarketWatch
According to the framework agreement, White Group and its partners intend to invest up to $500 million in Puyi and up to $500 million in Fanhua. Advertisement Both parties will proceed with finalizing the details of the agreement "soon." On Jan. 16, Puyi, which has a 50.1% stake in Fanhua, said it received a $13 million investment from New Dragon, an investment management company based in Hong Kong. Write to Chris Wack at chris.wack@wsj.com Show less Read more
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