Hywin Holdings Announces Updates on Strategic Business Transformation Plan [Yahoo! Finance]
Hywin Holdings Ltd. - American Depositary Shares (HYW)
Company Research
Source: Yahoo! Finance
Reference is made to the announcement made by the Company on March 27, 2024 (the “Announcement”) where the Company announced its plan for strategic business transformation. The Company has continued to assess ongoing changes in its operating environment, and today announced further updates to transform its businesses, including: (i) completely exit the wealth management and asset management businesses by terminating the China VIE Agreements (as defined below), (ii) shift its business focus towards the technology sector, and (iii) change the Company's name to Santech Holdings Limited. Exit from the Wealth Management and Asset Management Businesses The Company has decided to cease its wealth management and asset management businesses by terminating the contractual arrangements (the “China VIE Agreements”) with Hywin Wealth Management Co., Ltd. (“Hywin Wealth Management”), a variable interest entity in China currently controlled by Hywin Enterprise Management Consulting (Shanghai) Co
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HYW
News
- Hywin Holdings Ltd. to Hold Extraordinary General Meeting on July 17, 2024 [Yahoo! Finance]Yahoo! Finance
- Hywin Holdings Ltd. to Hold Extraordinary General Meeting on July 17, 2024GlobeNewswire
- Hywin Holdings Announces Unaudited Financial Results for the First Half of Fiscal Year 2024 [Yahoo! Finance]Yahoo! Finance
- Hywin Holdings Announces Unaudited Financial Results for the First Half of Fiscal Year 2024GlobeNewswire
- Hywin Holdings Announces Updates on Strategic Business Transformation PlanGlobeNewswire
HYW
Sec Filings
- 6/28/24 - Form 6-K
- 6/28/24 - Form 6-K
- 6/28/24 - Form 6-K
- HYW's page on the SEC website