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Hywin Holdings Ltd. (HYW)
After hours:
| Previous close | 0.7800 |
| Open | 0.7600 |
| Bid | 0.0000 x 0 |
| Ask | 0.0000 x 0 |
| Day's range | 0.7000 - 0.7980 |
| 52-week range | 0.7000 - 7.5000 |
| Volume | |
| Avg. volume | 21,901 |
| Market cap | 21M |
| Beta (5Y monthly) | -0.10 |
| PE ratio (TTM) | 1.21 |
| EPS (TTM) | N/A |
| Earnings date | N/A |
| Forward dividend & yield | N/A (N/A) |
| Ex-dividend date | N/A |
| 1y target est | N/A |
- South China Morning Post
Hywin's debacle underscores close links between China's property and wealth management sectors
Hywin Wealth, a Shanghai-based wealth management company with ties to embattled property developer China Evergrande Group, said it would look into missed payments on its investment products, after talk of repayment difficulties sent shares of its Nasdaq-listed parent plunging to a third of its value over the past week. Hywin Wealth, controlled by Nasdaq-listed Hywin Holdings, said in a statement on Sunday that its "projects were delayed due to a declining economy", and that it had established a
- Reuters
Chinese wealth manager Hywin to offer resolution plans after missed payments
China's Hywin Wealth Management said it is reviewing its outstanding business and will provide resolution plans to investors by month-end, following missed payments on some investment products amid Chinese property-sector woe. That shareholder is controlled by Han Xiao, son of Hywin controller Han Hongwei, local media reported.
- Reuters
UPDATE 3-China's Hywin hits record low over missed payments amid property woes
Shares of Chinese wealth manager Hywin Holdings Ltd. fell by nearly 18% to a record low on Friday after it said that it has been unable to promptly fulfill client redemption requests. While Hywin is a small player with total assets of 2.37 billion yuan ($328 million) as of the end of June, company documents showed, its troubles show how China's faltering property sector is causing strain throughout the financial system. Hywin, whose products are primarily invested into real estate, announced on Thursday that asset managers for some products the company distributes were unable to reach an agreement with "relevant clients" to defer their redemption requests.
