China considering asking tutoring firms to turn non-profit - Bloomberg News [Financial Post (Toronto, Ontario, Canada)]
New Oriental Education & Technology Group, Inc. Sponsored ADR representing 10 Ordinary Share (Cayman Islands) (EDU)
Last new oriental education & technology group, inc. sponsored adr representing 10 ordinary share (cayman islands) earnings: 1/22 03:18 am
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US:NYSE Investor Relations:
investor.neworiental.org
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Source: Financial Post
industry, Bloomberg reported on Thursday, citing anonymous people familiar with the matter, pushing shares in the sector sharply lower. The Bloomberg News report https://www.bloomberg.com/news/articles/2021-07-23/china-is-said-to-mull-turning-tutoring-firms-into-non-profits said that under rules being considered but which may change companies that offer tutoring could be asked to eschew profits and could be forbidden from raising capital or going public. 19 best online deals in the Canadian retail space right now Advertisement The sector is under scrutiny as part of a push to ease pressure on school children and the cost burden on parents. Reuters reported in June that authorities were set to announce measures including trial bans on tutoring during summer and winter holidays. Tutoring stocks tumbled on Friday, with Hong Kong listed shares of New Oriental Education and Technology Group falling 40% to its lowest since listing last year and shares in New York-listed TAL Educ
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EDU
News
- New Oriental Education & Technology Group Inc. (NYSE:EDU) Q3 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- New Oriental Education & Technology Group (EDU) Q3 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Here's Why Momentum in New Oriental (EDU) Should Keep going [Yahoo! Finance]Yahoo! Finance
- New Oriental Announces Results for the Third Fiscal Quarter Ended February 29, 2024 [Yahoo! Finance]Yahoo! Finance
- New Oriental Announces Results for the Third Fiscal Quarter Ended February 29, 2024PR Newswire
EDU
Earnings
- 4/24/24 - Beat
EDU
Sec Filings
- 4/24/24 - Form 6-K
- 4/9/24 - Form 6-K
- 2/22/24 - Form 144
- EDU's page on the SEC website