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A-share education stocks generally fell: Suzhou Kingswood Education Technology dropped over 8%, Chengdu B-ray Media dropped over 5%.
On December 31, Gelonghui reported that the education stocks in the A-share market generally fell, with Suzhou Kingswood Education Technology dropping over 8%, Chengdu B-ray Media over 5%, Qtone Education Group (Guangdong), ChuanZhi Education, and China Hi-Tech Group over 3%, and Xueda(Xiamen)Education Technology Group, China Reform Culture Holdings, and Shanghai Xinnanyang Only Education & Technology dropping over 2%.
Chengdu B-ray Media (600880.SH): The subsidiary Media Real Estate intends to sign the "Chengdu B-ray Creative 2025-2027 Property Entrusted Management Service Contract" with News Property.
On December 30, Gelonghui reported that Chengdu B-ray Media (600880.SH) announced that its wholly-owned subsidiary, Media Real Estate, intends to sign the "Chengdu B-ray Creative Property Management Service Contract for 2025-2027" with News Property. This contract is for News Property to provide Property Service for the "Chengdu B-ray Creative" project held by Media Real Estate. The contract duration is 3 years (2025-2027), with a Property Management Service fee of 9.4919 million yuan/year (including VAT), making the total amount for the three-year contract 28.4757 million yuan. News Property is the company's controlling shareholder, Chengdu B-ray.
Chengdu B-ray Media (600880.SH) plans to exit 6.02% of its shares in Bilibili esports.
On December 30, the company announced that to further optimize resource allocation and in accordance with the arrangements of the symbol company, all shareholders of the symbol company unanimously agreed that the relevant shareholders would withdraw through equity reduction. The company intends to exit 6.02% of its shares in Bilibili eSports, with the equity reduction payment estimated at approximately 65,978,082.19 yuan (the specific payment will depend on the joint negotiation of the shareholders and the actual fulfillment of the Trade as stipulated in the "Equity Reduction Agreement"). After the equity reduction is completed, the company will no longer Hold shares in the symbol company. According to the "Equity Reduction Agreement" that the shareholders of the symbol company intend to sign.
Express News | Chengdu B-ray Media: Subsidiary signs routine related party transaction contract worth 28.4757 million yuan.
Express News | Chengdu B-ray Media: Vice President Shen Dingding has resigned.
The Education Sector suffered a sharp decline, and Chengdu B-ray Media hit the daily limit down.
On December 23, Gelonghui reported that the education Sector in A-shares suffered a heavy blow, with Chengdu B-ray Media hitting the limit down, Beijing Kaiwen Education Technology and Qtone Education Group(Guangdong) falling over 9%, and But'one Information Corporation, Xi'an, Shanghai Xinnanyang Only Education & Technology, China Reform Culture Holdings, China Hi-Tech Group, and Dark Horse Technology Group all declining over 6%.
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