BRIEF-Hywin Holdings Announces Strategic Business Transformation Plan

Reuters2024-03-27

March 27 (Reuters) - Hywin Holdings Ltd :

* HYWIN HOLDINGS ANNOUNCES STRATEGIC BUSINESS TRANSFORMATION PLAN

* HYWIN HOLDINGS LTD: EXIT FROM DISTRIBUTION OF ASSET-BACKED PRODUCTS

* HYWIN HOLDINGS LTD: REDUNDANCY OF APPROXIMATELY 300 MIDDLE- AND BACK-OFFICE EMPLOYEES

* HYWIN HOLDINGS LTD - CO TO SHIFT ITS FINANCIAL SERVICES AND PRODUCT DISTRIBUTION BUSINESSES TOWARDS PUBLIC MARKET FUNDS AND NAV-BASED PRODUCTS

* HYWIN HOLDINGS LTD: ANTICIPATES THAT IT WILL EXPERIENCE A SIGNIFICANT REDUCTION IN OPERATIONAL SCALE AND REVENUE SCALE IN SHORT TERM

* HYWIN HOLDINGS LTD - THERE ARE UNCERTAINTIES REGARDING ONGOING DISPUTES WITH CLIENTS OVER PREVIOUSLY DISTRIBUTED ASSET-BACKED PRODUCTS

* HYWIN HOLDINGS - AS A RESULT OF UNCERTAINTIES CO'S BUSINESS, FINANCIAL CONDITION AND RESULTS OF OPERATIONS COULD BE MATERIALLY AND ADVERSELY AFFECTED

Source text for Eikon: Further company coverage:

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

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