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East Buy held a shareholder communication meeting! Yu Minhong explained in detail the reasons for the spin-off, and New Oriental will not participate in the same industry with Huitong in the future.
Due to public opinion, stock prices, and the pressure on business, Yu Minhong had to consider divesting from Bright Scholar. Starting from March of this year, after communicating with Dong Yuhui, he decided to transfer 100% of the equity of Bright Scholar to Dong Yuhui after the end of the financial quarter on May 31.
How will Dong Yuhui's departure affect East Buy's selection?
Ge Fanmei, a well-known anchor of Investor Network and a former employee of East Buy (1797.HK), has attracted market attention due to her relationship with Dong Yuhui and their separation has once again caused a great stir in the market. On the evening of July 25th, East Buy announced on the Hong Kong Stock Exchange that Dong Yuhui had decided not to serve as an employee of the company or a senior management of a subsidiary entity after the effective date of July 25th. Influenced by this news, East Buy's stock price fell more than 25% at the opening on July 26th, closing at HKD 9.5/share, a drop of 23.39%, with a total market value of HKD 9.797 billion. At the same time,
Express News | Yu Minhong fully responds to 'Different Paths with Hui': breaking up for peace, this is not just between the two of us.
Express News | Former New Oriental Online discussed the spin-off with Hui Tong: the importance of live broadcasting business to New Oriental is no longer that high.
East Buy (01797) shareholders meeting: The inevitable divestment with Hui Tonghang will not have another anchor to establish an independent platform.
On July 26th, East Buy held a shareholder communication meeting online.
Northbound investors sold over 0.9 billion Hong Kong dollars of China Mobile, while southbound investors increased their holdings in home appliance stocks against the trend.
Track the latest trends of north-south directional funds.
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