FANH - Highest Performances Holdings Inc. (NASDAQ: HPH) Increases Its Shareholding in Fanhua to 51.1% | Benzinga
GUANGZHOU, China, May 07, 2024 (GLOBE NEWSWIRE) -- Highest Performances Holdings Inc. (NASDAQ:HPH) ("HPH" or the "Company"), today announced that it has increased its shareholding in Fanhua Inc. ("Fanhua"), a leading technology-driven independent financial service provider in China, from 50.1% to 51.1% as of May 6, 2024 by acquiring 565,000 American Depositary Shares of Fanhua on Nasdaq.
Mr. Yinan Hu, Vice Chairman and CEO of HPH commented, "We are pleased to witness the solid progress that Fanhua has made in executing its various strategic initiatives, further bolstering our confidence in its growth potential. Considering that its current stock price does not fully reflect its long-term value, we will continue to increase our shareholdings in Fanhua and will continue to strongly support its development."
About Highest Performances Holdings Inc. (NASDAQ:HPH)
HPH was founded in 2010 with the aim of becoming a top provider of smart home and enterprise services. Its mission is to improve the quality of life for families worldwide, focusing on two main driving forces: "technological intelligence" and "capital investments." HPH has a global strategic perspective and identifies high-quality enterprises with global potential for investment and operations. Its areas of focus include asset allocation, education and study tours, cultural tours, sports events, healthcare and elderly care and family governance.
HPH currently ...