Two Accounting Scandals in China in One Week Burn Investors [Yahoo! Finance News]
New Oriental Education & Technology Group, Inc. Sponsored ADR representing 1 Ordinary Share (Cayman Islands) (EDU)
Last new oriental education & technology group, inc. sponsored adr representing 1 ordinary share (cayman islands) earnings: 1/22 03:18 am
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Source: Yahoo! Finance News
) -- China’s second accounting scandal in less than a week is underscoring concern over lax corporate governance at some of the country’s fastest-growing companies.TAL Education Group, a tutoring business whose success turned founder Zhang Bangxin into one of China’s richest people, delivered the latest bombshell on Tuesday after saying a routine internal audit found an employee had inflated sales by forging contracts. The company’s American depositary receipts sank as much as 18% in late U.S. trading.The sell-off follows the 83% slump in Nasdaq-listed Luckin Coffee Inc. since the company announced that its chief operating officer and some underlings may have fabricated billions of yuan in sales for 2019. Accounting firm Ernst & Young later said it discovered the fabrications when it audited the firm’s financial statements. Trading in the ADRs was suspended Tuesday.While China Inc. is no stranger to claims of financial irregularities -- particularly from short sellers who have targete
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EDU
News
- New Oriental Education & Technology Group Inc.'s (NYSE:EDU) Stock Has Seen Strong Momentum: Does That Call For Deeper Study Of Its Financial Prospects? [Yahoo! Finance]Yahoo! Finance
- Why a Nearly $500 Million Bet on New Oriental Signals Conviction Amid a 13% Slide [Yahoo! Finance]Yahoo! Finance
- New Oriental Education & Technology Group (NYSE:EDU) was upgraded by analysts at Zacks Research from a "strong sell" rating to a "hold" rating.MarketBeat
- New Oriental to Report Second Quarter 2026 Financial Results on January 28, 2026PR Newswire
- What The Latest Analyst Revisions Mean For New Oriental Education's Evolving Investment Story [Yahoo! Finance]Yahoo! Finance
EDU
Earnings
- 10/28/25 - Miss
EDU
Analyst Actions
- 10/29/25 - JP Morgan
EDU
Sec Filings
- 1/6/26 - Form 6-K
- 11/21/25 - Form 6-K
- 11/14/25 - Form SCHEDULE
- EDU's page on the SEC website