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The mainland's favorable education policy releases a bullish signal, China Chunlai (1969.HK) has three major catalysts.
Introduction: In early August, the State Council of China issued the "Opinions on Promoting the High-Quality Development of Service Consumer and Education Sector to Repair Valuations. Mainland education service provider China Chunlai (1969.HK) is still two months away from its annual performance. Recently, there have been major banks recommending buying, bullish on the group's low valuation, the potential for tuition fees and net margin improvement, and believe it is worth paying attention to. In fact, in 2021, the mainland implemented the "Double Reduction" policy, which reduces the burden of homework and off-campus training for compulsory education students, leading to a comprehensive undervaluation of the education sector, with most stocks in the sector falling significantly.
China Chunlai: Anyang College was granted a maximum of 0.15 billion yuan in regular loans.
China Chunlai (01969) announced that on August 26, 2024, the company's Chinese operation school, Anyang College (as the borrower), and the Zhengyuan Bank Co., Ltd. Anyang Branch (as the lender) have entered into a fixed asset loan agreement, and the lender has agreed to provide the borrower with a maximum of CNY 0.15 billion of term loan. The Group can expand the campus of Anyang College through the loan agreement to increase its capacity, thereby increasing the total number of students, expanding financing channels, supplementing the operational funding requirements, and optimizing the Group's debt structure.
China Chunlai Secures Major Loan for Campus Expansion
China Chunlai Education Term Loan to Mature in Six Years
China Chunlai Education Secures CNY150.0M Term Loan From Zhongyuan Bank
Express News | China Chunlai Education Group Co Ltd - Entering Into Loan Agreement
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