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Trending Industry Today: NEW HIGHER EDU Leads Losses In Vocational Education Stocks
China edu group (00839.HK) has obtained loan financing from the Asian Development Bank and the Asian Infrastructure Investment Bank.
On November 28th, GeLongHui announced that China Edu Group (00839.HK) signed a loan agreement and related financing documents with the Asian Development Banks (ADB) as the lender on November 28, 2024, involving a loan amount of up to 0.2849 billion Chinese yuan and a maximum term of 60 months (referred to as the "ADB Financing Documents"); Yantai University of Science and Technology ("Yantai University", a subsidiary of the company) also signed a loan agreement and the Asian Development Banks as the lender (with the company and another member company of the group acting as guarantors).
Express News | China Education - Unit to Borrow Loan Facility of up to RMB569.8 Mln
China Education Group Likely Faces Challenging Outlook -- Market Talk
HSBC Downgrades China Education Group to Hold From Buy; Price Target Is HK$4.50
Morgan Stanley: Reiterated a 'outperform' rating on China Edu Group (00839), with the target price lowered to 7.4 Hong Kong dollars.
Macquarie has cut the adjusted net income forecast for china edu group for the fiscal years 2025 and 2026 by 11.9% and 16.9%.
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