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Puyi Inc   (PUYI)
Other Ticker:  
 
    Sector  Financial    Industry Investment Services
   Industry Investment Services
   Sector  Financial
 


 
 PUYI $8.9600 $2.2699 33.93%

 Volume (M): 14   Open : 7.10    52 Wk Avg :  5.60

 
 PUYI $8.9600 $2.2699 33.93%

 Volume (M): 14   Open : 7.10    52 Wk Avg :  5.60




PUYI Today's High: $9 PUYI Shares One Week Perf: -5.79 %
PUYI Today's Low: $ 6.95 PUYI Shares 30 Day Performance: 49.58 %
Number of PUYI Shares Traded (M): 14 PUYI Share Price 52 Wk High: $ 9.70
Value of PUYI's Shares Traded (M$): $ 122 PUYI Share Price 52 Wk Avg: $5.60
Share Price at the Open: $7.10 PUYI's Share Price 52 Wk Low: $1.96



  News about Puyi Inc's Stock Splits and Dividends

Puyi Inc. Announces Strategic Investment by New Dragon Group, Bolstering China's Wealth Management Sector



Puyi Inc., a prominent third-party wealth management services provider in China, recently made an exciting announcement regarding a significant share purchase agreement. On January 12, 2024, Puyi and certain shareholders entered into a transaction with New Dragon Group (Far East) Limited, an esteemed investment management company based in Hong Kong. This strategic collaboration involves New Dragon investing approximately US$13 million to subscribe for 4,224,000 ordinary shares of Puyi, reinforcing the company's position as a leading player in the wealth management sector in China.
The Transaction in Detail:
According to the agreements, New Dragon will be purchasing 2,004,000 newly issued ordinary shares of Puyi, while the remaining 2,220,000 ordinary shares will come from certain shareholders who are not directors or officers of the Company. The subscription price for the shares is set at an average of approximately US$3.13 per ordinary share, or US$4.7 per ADS (American Depositary Share). This cost is equivalent to the average closing price over the 20 trading days preceding the signing date.





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