Puyi Announces to Repurchase 4.46% Stake from Fanhua

GUANGZHOU, China, Dec. 22, 2023 (GLOBE NEWSWIRE) -- Puyi Inc. (NASDAQ:PUYI) ("Puyi"), a leading third-party wealth management services provider in China, today announced that it entered into a share repurchase agreement with Fanhua Inc. ("Fanhua"), pursuant to which Puyi intends to repurchase 4,033,600 ordinary shares of Puyi beneficially owned by Fanhua, representing 4.46% of Puyi's share capital ("Share Repurchase"). Concurrently, Puyi entered into a share transfer agreement with Fanhua, pursuant to which ...