HKG:2001

2 stories mentioning HKG:2001Updated 25d ago

Every FINWIRES story that references HKG:2001, newest first.

China New Higher Education's Entity Sells Higher Education Wing

China New Higher Education Group's (HKG:2001) affiliated entity Beijing Daai Shuren Education Consulting sold Songming Xinju Enterprise Management, according to a Friday Hong Kong bourse filing.Purchaser Guangxi Yinghua Haian Education Investment will acquire the target for 359.5 million yuan.The school operator will use proceeds as working capital.Following completion, the target firm, which is the sole shareholder of the Qinzhou Yinghua Datang Education Investment, mainly engaged in private formal higher education, will cease to be a unit of China New Higher Education.

HKG:2001

Asia56d ago

China New Higher Education's Interim Profit Rises Slightly

China New Higher Education Group (HKG:2001) recorded a 0.6% rise in attributable profit to 472.3 million yuan in the six months ended Feb. 28 from 469.3 million yuan a year prior, according to a Tuesday Hong Kong bourse filing.Shares of the school operator were up 1% in Wednesday afternoon trading.Earnings per share slipped to 0.24 yuan from 0.30 yuan in the corresponding period of the previous fiscal year.Total revenue jumped 2.6% to 1.45 billion yuan from 1.41 billion yuan in the year-ago period, mainly due to higher revenue from tuition fees and boarding fees.

HKG:2001

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