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home / news releases / PUYI - Growth-Hungry Fanhua Finds A Potential Benefactor In Singaporean Investor

PUYI - Growth-Hungry Fanhua Finds A Potential Benefactor In Singaporean Investor

Puyi Inc.

2024-02-08 06:17:00 ET

Summary

  • Singapore-based White Group has agreed to invest as much as $500 million each in Fanhua and its Puyi wealth management unit.
  • The deal is the latest in a series engineered by Fanhua as it seeks to accelerate its faltering growth.
  • Fanhua shares currently trade at a trailing price-to-earnings (P/E) ratio of just 6.

The insurance broker has struck a deal to receive up to $1 billion in new investment for itself and recently acquired wealth manager unit Puyi. ...

For further details see:

Growth-Hungry Fanhua Finds A Potential Benefactor In Singaporean Investor
Stock Information
Company Name: Puyi Inc.
Stock Symbol: PUYI
Market: NYSE
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