Puyi Announces Investment From New Dragon
01/18/24, 12:36 AM
Location
guangzhouMoney raised
$13 million
Industry
investment management
Investors
New Dragon Group (Far East) Limited
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 Info
Location
guangzhou, guangdong province, china
Additional Info
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).