Puyi Announces Significant Investment from White Group

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 detai ...