Puyi Changes Name To Highest Performances Holdings; Change Ticker Symbol From "PUYI" To "HPH"
Portfolio Pulse from Benzinga Newsdesk
Puyi Inc. has officially changed its name to Highest Performances Holdings Inc., along with its ticker symbol from 'PUYI' to 'HPH'. The change follows shareholder approval of several resolutions, including amending the company's authorized share capital and exempting the company from holding an annual general meeting. The new structure includes 1,950,000,000 Ordinary Shares and 50,000,000 Preference Shares, with each Preference Share granting twenty votes.
March 13, 2024 | 1:34 pm
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Puyi Inc. has changed its name to Highest Performances Holdings Inc. and its ticker symbol to 'HPH', following shareholder resolutions that also amended the company's share structure.
The name and ticker symbol change, along with the restructuring of the company's share capital, could lead to increased investor interest and potentially positive market perception. The introduction of Preference Shares with enhanced voting rights might also attract a new class of investors, potentially driving up the stock price in the short term.
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