Brief: Puyi Announces Share Exchange Transactions With Certain Shareholders Of Fanhua

AIFU

27/12/2023 10:37

Dec 27 (Reuters) - Fanhua Inc  FANH.O :
    * PUYI ANNOUNCES SHARE EXCHANGE TRANSACTIONS WITH CERTAIN
SHAREHOLDERS OF FANHUA
    * WILL ISSUE AGGREGATE OF 284.1 MILLION SHARES IN EXCHANGE
FOR
AGGREGATE OF 568.2 MILLION SHARES OF FANHUA
    * EXCHANGE RATIO FOR TRANSACTIONS IS 2 ORDINARY SHARES OF
FANHUA
PER PUYI ORDINARY SHARE
    * AFTER DEAL, WILL OWN ABOUT 50.1% OF FANHUA'S EQUITY
INTERESTS
AND BECOME ITS LARGEST SHAREHOLDER

Source text for Eikon:  ID:nGNX8sG7Zf 
Further company coverage:  FANH.O 

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