TAL Education Group Discovered Employee Wrongdoing
TAL Education Group American Depositary Shares (TAL)
Last tal education group american depositary shares earnings: 7/25 04:00 am
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Source: PR Newswire
BEIJING, April 7, 2020 /PRNewswire/ -- TAL Education Group (NYSE: TAL) ("TAL" or the "Company"), a leading K-12 after-school tutoring services provider in China, today announced certain employee wrongdoing discovered in the Company's routine internal auditing process. TAL discovered irregularities and violations of the Company's business conduct and internal control policies by an employee in the Company's newly introduced "Light Class" business. Upon such discovery, TAL immediately reported to the local police. The employee has been taken into custody by the local police. Based upon the Company's routine internal audit, the Company suspects that the employee of question conspired with external vendors to wrongly inflate "Light Class" sales by forging contracts and other documentations. For the fiscal year 2020 ended February 29, 2020, "Light Class" sales accounted for approximately 3% to 4% of the Company's total estimated revenues. TAL highly values the integrity of business p
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News
- TAL Education Group (NYSE: TAL) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- China Market Update: Hong Kong & Mainland China Higher With A China/US Tech Deep Dive [Forbes]Forbes
- TAL Education Group Announces Unaudited Financial Results for the Fourth Fiscal Quarter and the Fiscal Year 2024PR Newswire
- TAL Education: Focus On Regulatory Development And Earnings Preview [Seeking Alpha]Seeking Alpha
- TAL Education Group to Announce Fourth Quarter and Fiscal Year 2024 Financial Results on April 25, 2024PR Newswire
TAL
Earnings
- 4/25/24 - Beat
TAL
Analyst Actions
- 2/15/24 - TheStreet
TAL
Sec Filings
- 4/29/24 - Form 144
- 4/29/24 - Form 144
- 4/29/24 - Form 144
- TAL's page on the SEC website