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Puyi Announces Investment From New Dragon

Jan 18, 2024•almost 2 years ago

Amount Raised

$13 Million

GuangzhouInvestment Management

Investors

New Dragon Group (Far East) Limited

Description

Puyi announced that New Dragon Group (Far East) Limited will invest approximately US$13 million in the company through share purchase agreements, resulting in New Dragon holding approximately 1.1% of Puyi's enlarged outstanding ordinary shares.

Company Information

Company

Puyi

Location

Guangzhou, Guangdong, China

About

Puyi (NASDAQ: PUYI) is one of the largest third-party wealth management company in China which focusing on mass affluent and emerging middle class population, with a roughly 10.4% market share based on 2017 transaction value(according to CIC).

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