Streetbeat News

HPH

Highest Performances Holdings Inc.

https://www.puyiwm.com

Industry

Asset Management

Highest Performances Holdings Inc. engages in the provision of financial technology services in China. The company distributes publicly raised fund and privately raised securities investment fund products through online and offline. It also offers insurance consulting, trust consulting, asset management, wealth management, and other ancillary services. The company was formerly known as Puyi Inc. and changed its name to Highest Performances Holdings Inc. in March 2024. Highest Performances Holdings Inc. was founded in 2010 and is headquartered in Guangzhou, China.

Open

0.32

Mkt cap

74M

Volume

259K

High

0.32

P/E Ratio

-2.99

52-wk high

10.06

Low

0.29

Div yield

N/A

52-wk low

0.29

Shares of companies within the broader financial sector are trading lower amid overall market weakness following weak US jobs data.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 5:05 pm

Highest Performances Holdings (HPH) reported its financial results for the first half of fiscal year 2024, showing a significant decrease in net revenues and an increase in net loss. The company completed the acquisition of Fanhua at the end of December 2023, but the financial results do not include any profits from Fanhua. The decrease in revenues was attributed to a decline in the A-share market and conservative investor sentiment. Operating costs and expenses also decreased significantly due to cost-control measures.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 8:04 pm

Highest Performances Holdings Inc. (NASDAQ:HPH) has signed a third supplementary agreement with White Group to fund Zhongxin International Sports Group for bidding on sports event intellectual property rights. HPH will acquire 26.5% equity in Zhongxin and jointly invest in major sports events with White Group, including International Tennis Federation events and Formula 1 World Championship events in China.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 2:13 pm

Highest Performances Holdings (HPH) shares are trading higher following the announcement of a share purchase agreement with GEM Global Yield, securing an investment of up to $500 million.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 1:21 pm

Highest Performances Holdings Inc. (NASDAQ:HPH) has entered into a share purchase agreement with GEM Global Yield LLC, allowing HPH to issue shares worth up to $500M, potentially increasing to $1B, to fund its AI development and global expansion.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 11:06 am

Highest Performances (HPH) has announced its plan to acquire a 77.5% equity interest in Singapore White Lingun. As part of the acquisition, HPH will issue 20,758,929 American Depositary Shares (ADS).

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 1:56 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.