PUYI - Puyi Announces Significant Investment from White Group | Benzinga
GUANGZHOU, China, Feb. 02, 2024 (GLOBE NEWSWIRE) -- Puyi Inc. (NASDAQ:PUYI) ("Puyi" or the "Company"), a leading third-party wealth management services provider in China, today announced that Puyi and Fanhua Inc. ("Fanhua") entered into a framework agreement with Singapore White Group Pte. Ltd. ("White Group"). Pursuant to the framework agreement, White Group and its partners intend to invest up to US$500 million in Puyi and up to US$500 million in Fanhua. Both parties will proceed with finalizing the details of the agreement soon.
About White Group
White Group was established in 2005. It is a privately-owned boutique investment and development firm based in Singapore. It is focused on acquiring, investing in, and managing businesses that develop solutions in real estate, technology, and healthcare, among others. Its primary interest is in China and Southeast Asia. Its investments seek to create long-term economic value for its partners.
About Puyi
Established in 2010 and listed on Nasdaq in 2019, Puyi is a comprehensive financial technology service group based on family ...