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China Education Group Holdings Insiders Placed Bullish Bets Worth CN¥788.6m
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.
Education stocks rose across the board, with China Edu Group (00839) up 8.67%. Previously, the State Council issued a document introducing three-party institutions to provide non-subject after-school services.
Golden Finance News | Education stocks are generally up. As of the time of publication, China Education Group (00839) rose 8.67%, Beststudy Edu (03978) rose 8.18%, Penkse Technologies (02469) rose 5.24%, Tianli International Holding (01773) rose 4.33%, and New Oriental (09901) rose 4%. In the news, on August 3, the State Council issued the "Opinions on Promoting the High-Quality Development of Service Consumption", which proposes to guide schools to introduce third-party institutions with corresponding qualifications through purchasing services and other means to provide non-subject high-quality public welfare after-school services. In addition, CITIC Securities.
Hong Kong stock concept tracking | The encouragement of professional education policy continues, and some top excellent companies are expected to demonstrate strong growth potential (with concept stocks).
During the summer, most education public companies in the industry are expected to continue their growth as the industry remains prosperous.
Returns On Capital At China Education Group Holdings (HKG:839) Have Hit The Brakes