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Stock impact report

Chinese Companies Are Buying Up Closed Colleges [Forbes]

Ambow Education Holding Ltd. American Depository Shares (each representing twenty (20) Class A Ordinary Shares) (AMBO) 
US:NYSE Investor Relations: mzcan.com/us/ambo/irwebsite
Company Research Source: Forbes
A woman walks in the lobby of the Cullen Center at Westminster Choir College as sunlight peeks through windows, Saturday, Feb. 4, 2017, in Princeton, N.J. (AP Photo/Julio Cortez) In a higher education environment beset by political controversies , dwindling public trust , soaring costs , and increasing competition from alternatives to college , some schools are struggling to survive. Earlier this year, that Moody's Investor Service announced 11 private colleges a year are closing on average (a number expected to rise), due to major gaps between operating revenue and expenses. When factoring in for-profit schools – a struggling sector hit hard by recent regulations to rein in malfeasance in the industry – more than 100 have closed since 2016 . While those colleges aren't coming back to life, Chinese education companies may revive some campuses, running the purchased schools as new administrators, or creating all new institutions. In March Bloomb Show less Read more
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