Fanhua announces significant investment from white group

Guangzhou, china, feb. 02, 2024 (globe newswire) -- fanhua inc. (“fanhua” or the “company”) (nasdaq: fanh), a leading independent financial services provider in china, today announced that fanhua and puyi inc. (“puyi”) entered into a framework agreement with singapore white group pte. ltd. (“white group”). pursuant to the framework agreement, white group and its partners intend to invest up to us$500 million in fanhua and up to us$500 million in puyi. both parties will proceed with finalising the details of the agreement soon.
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