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HK stocks are on the move | Education stocks are all rising, as the policy proposes expanding the supply of high-quality education resources. Private high schools are the first to benefit from the warming of HK stocks.
Education stocks are on the rise. As of the time of publication, China Edu Group (00839) rose by 5.65% to HK$5.05; Beststudy Edu (03978) rose by 5.12% to HK$3.08; New Oriental-S (09901) rose by 3.85% to HK$47.15; China East Edu (00667) rose by 3.33% to HK$3.1.
Neusoft Education Technology's Affiliate Hires Construction Contractor
Neuedu (09616.HK) consolidated affiliated entity Dalian College and Huayu Construction entered into a total contract construction contract for the Neuedu Health Medical Technology Park Apartment project.
neuedu (09616.HK) announced that on October 23, 2024, Dalian College (a subsidiary entity of the company) and Huayu Construction signed a general contracting construction agreement for the neuedu Health Medical Technology Park Apartment Project. Accordingly, Huayu Construction will be entrusted by Dalian College to carry out the construction work of the project, with a provisional price of RMB 0.27 billion (adjustable). Project Name: neuedu Health Medical Technology Park Apartment Project (located at the northern section of Shuma Road, Dalian City, Liaoning Province), covering an area of approximately 25,176.96 square meters, with a construction area of 112,494.98 square meters. Due to the large
neuedu (09616.HK): Appointed Ernst & Young as the auditor.
Gelonghui October 23rd, neuedu (09616.HK) issued an announcement. In view of the recent market information, based on the principle of prudence, and considering the company's current business situation and the demand for future audit services, after the company communicated with PricewaterhouseCoopers Ltd. ("PricewaterhouseCoopers"), PricewaterhouseCoopers agreed to resign as the company's auditor, effective from October 23, 2024. The board of directors, on the recommendation of the audit committee, resolved to appoint Ernst & Young Certified Public Accountants ("EY") as the company's auditor, effective from the date of signing the business agreement to fill the vacancy left by PricewaterhouseCoopers.
Seizing the blue ocean of the "silver economy", neuedu (09616) further expands its "teaching, medical treatment, care, health, and tourism" global strategy.
With the deep accumulation of the "one body, two wings" education business, continuously delving into the medical, health care, cultural tourism and other industries, neuedu is forging a unique and innovative path of high-quality development.
Spending over 0.2 billion yuan to buy land, neuedu may further bet on the silver economy.
The campus capacity of the three schools is tending to saturate, and opening up a second business growth curve is the only way.
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