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Highest Performances Holdings Inc. (NASDAQ: HPH), a wealth management services provider in China, announced changes from Puyi Inc. to Highest Performances Holdings Inc. The extraordinary general meeting passed resolutions to change the company's name, authorized share capital, exempt from holding an annual general meeting, and replace the Articles. The ticker symbol changed from 'PUYI' to 'HPH.'
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End-of-Day
-10.84%
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Puyi Inc. announces a supplementary agreement with White Group to inject assets and invest up to US$500 million in Puyi, driving AI development and international expansion. New offices will be set up globally, focusing on AI Humanoid hardware and sports entertainment. Board changes include Mr. Peh Chin Hua as Chairman, Mr. Yinan Hu as Vice Chairman and CEO. Positive outlook towards growth and global expansion.
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End-of-Day
8.31%
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Puyi Inc. postpones EGM to March 13, 2024, and changes English name to Highest Performances Holdings Inc. The company aims to enhance its wealth management services and provide diverse financial products.
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End-of-Day
8.31%
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Puyi Inc. announces an amendment to the Notice for the Extraordinary General Meeting related to changes in the Company's English and Chinese name and its ticker symbol. The proposed Chinese Name has been changed to '华普财富集团有限公司' to reflect the Company's commitment to becoming a leading third-party wealth management services provider. The EGM is scheduled for February 22, 2024, and updated copies of the notice and voting instruction card are available on the Investor Relations section of the Company's website.
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End-of-Day
0.8%
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Puyi Inc. announces a framework agreement with Fanhua Inc. and Singapore White Group Pte. Ltd. to invest up to US$500 million in each company. The agreement aims to strengthen the financial position of Puyi and Fanhua, leading third-party wealth management services providers in China.
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Rhea-AI Sentiment
End-of-Day
5.93%
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Puyi Inc. will hold an extraordinary general meeting on February 22, 2024, to consider special resolutions including changing the company's name to Huapu Inc., changing its ticker symbol to 'HPH', amending the authorized share capital, and exempting the company from holding an annual general meeting. Shareholders and ADS holders are entitled to vote at the EGM, and voting instructions are available on the company's website.
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Rhea-AI Sentiment
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-2.36%
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Puyi Inc. announced a share purchase agreement with New Dragon Group, where New Dragon will invest approximately US$13 million to subscribe for 4,224,000 ordinary shares of Puyi at an average price of approximately US$3.13 per ordinary share. This will result in New Dragon holding approximately 1.1% of Puyi's enlarged outstanding ordinary shares. Puyi's CEO expressed confidence in the company's sustained growth due to the investment.
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Rhea-AI Sentiment
End-of-Day
1.64%
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Puyi Inc. (NASDAQ: PUYI) has entered into share exchange agreements with certain shareholders of Fanhua Inc. (NASDAQ: FANH), including Mr. Yinan Hu, co-chairman and CEO of FANHUA, to issue an aggregate of 284,113,314 ordinary shares of Puyi in exchange for an aggregate of 568,226,628 ordinary shares of Fanhua. Upon completion, Fanhua’s Participating Shareholders will collectively own 76.7% of Puyi’s issued and outstanding equity interests, while Puyi will own approximately 50.1% of Fanhua’s issued and outstanding equity interests and become its largest shareholder.
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Rhea-AI Sentiment
End-of-Day
47%
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Puyi Inc. (NASDAQ: PUYI) announced a share repurchase agreement with Fanhua Inc. to repurchase 4,033,600 ordinary shares, representing 4.46% of Puyi’s share capital. Concurrently, Puyi will transfer 15.41% of the equity interests in Puyi Fund to Fanhua for a consideration of the share repurchase price and approximately RMB10.5 million in cash.
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Rhea-AI Sentiment
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3.17%
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Puyi Inc. (PUYI) appoints Ms. Yang Yuanfen as Chief Financial Officer, filling the vacancy left by Mr. Hu Anlin. The board also removed Mr. Zhang Jianjun as an independent director. The company now has five directors, including two independent directors, and is co-chaired by Mr. Ren Yong and Mr. Kong Youjie.
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About PUYI
founded in 2001, puyi optical is the first eyewear retail chain targeting the premium eyewear market in hong kong. as the market leader, its retail network covers hong kong, macau, beijing, shanghai and major cities in the greater china. puyi provides hospitable yet professional services, and a comprehensive collection of quality and fashionable brands. to tailor diverse needs of customers, the group has developed different concept stores, including the prestigious puyi optical, fashionable glasstique, and energetic o-o shop and privileged vault. it has also introduced the innovative british concept stores cutler and gross and linda farrow gallery to hong kong.