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Splurging $700 million on stock repurchase, new oriental's stock price soared by 13%! Education stocks in Hong Kong rose across the board.
Share buyback increased to 0.7 billion US dollars.
Hong Kong stocks fluctuate | Education stocks are strong again. The policy end catalyzes the gradual realization of company performance, and the industry has room for upward growth.
Education stocks rose again. As of press time, Beststudy Edu (03978) rose 9.29% to HKD 2.94; China Edu Group (00839) rose 7.03% to HKD 4.57; China East Edu (00667) rose 5.95% to HKD 2.67.
China East Edu (00667.HK) plans to hold a board of directors meeting on August 21 to approve its mid-term performance.
China East Edu (00667.HK) announced on July 30 that the company will hold a board of directors meeting on Wednesday, August 21, 2024 to consider and approve the mid-term performance of the company and its subsidiaries for the six months ending June 30, 2024, and to consider the distribution of interim dividends (if any).
Hong Kong stocks alert | China East Education (00667) has risen by more than 5%, and institutions said that the mid-year report is expected to exceed expectations. In the long term, extending the education system may become a new growth point.
China East Edu (00667) is now up more than 5%. As of press time, it has risen by 5.56%, to HKD 2.28, with a turnover of HKD 15.849 million.
China East Edu (00667) intends to provide financial support through its designated subsidiary.
China East Edu (00667) announced that on June 11, 2024 (after the end of the trading session), the company and Wu Junbao, Wu Wei, and Xiao Guoqing each entered into a loan framework agreement. The company agrees to provide daily maximum surplus (excluding accrued interest) of RMB 50 million to Wu Junbao, Wu Wei, and Xiao Guoqing's designated Chinese collection company through its designated Chinese loan subsidiary, for RMB revolving loan financing, with an annual interest rate of 7% during the effective period.
Weak Financial Prospects Seem To Be Dragging Down China East Education Holdings Limited (HKG:667) Stock
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