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Ch Xinhua Edu (02779) announced its interim financial results, with a net income of 0.213 billion yuan, representing a year-on-year increase of 17.5%.
Ch Xinhua Edu (02779) released its interim results for the six months ended June 30, 2024, with group revenue...
CH XINHUA EDU: INTERIM RESULTS ANNOUNCEMENT FOR THE SIX MONTHS ENDED 30 JUNE 2024
ch xinhua edu (02779.HK) held a board of directors meeting on August 29 to consider approving the mid-term performance.
China Xinhua Education (02779.HK) announced that the board of directors' meeting will be held on Thursday, August 29, 2024 to consider approving the group's mid-term performance as of June 30, 2024 (including) and its release, and to consider recommending the distribution of interim dividends (if any).
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.
At midday review, Hong Kong stocks collectively rose, with the three major indices up more than 1%; Japan ETF strengthened, and ChinaAMC MSCI Japan Hedged to USD ETF rose nearly 7%.
The components of the Science and Technology Index rose across the board, with Weibo up nearly 7%, Eastbuy up more than 5%, Ctrip Group up nearly 4%, and Tongcheng Travel up more than 3%.
Express News | CITIC Securities suggests focusing on high-quality education institutions that drive investment value through internal growth and high dividends.
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