Brief: Fanhua Inc Says Certain Shareholders Entered Into Share Exchange Agreements With Puyi

AIFU

27/12/2023 09:38

Dec 27 (Reuters) - Fanhua Inc  FANH.O :
    * CERTAIN SHAREHOLDERS ENTERED INTO SHARE EXCHANGE
AGREEMENTS WITH
PUYI
    * PURSUANT TO TERMS PARTIES WILL EXCHANGE AGGREGATE OF 568.2
MILLION ORDINARY SHARES OF CO FOR 284.1 MILLION NEWLY ISSUED
ORDINARY SHARES OF PUYI
    * AS RESULT,FANHUA PARTICIPATING SHAREHOLDERS WILL OWN ABOUT
76.7%
OF PUYI'S EQUITY INTERESTS, PUYI OWN ABOUT 50.1% OF CO'S EQUITY
INTERESTS
    * ULTIMATE BENEFICIAL OWNERS WILL REMAIN UNCHANGED,WILL
CONTINUE
TO CARRY OUT BUSINESS OPERATIONS AS CURRENTLY ESTABLISHED

Source text for Eikon:  ID:nGNXc5WhRF 
Further company coverage:  FANH.O 

 ((Reuters.Briefs@thomsonreuters.com;))