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China New Higher Education Group Ltd ( (HK:2001) ) just unveiled an announcement.
China New Higher Education Group’s subsidiary Yun Ai Group has entered into a five-year cooperation agreement with Zhongyuan Trust under which Yun Ai will inject up to RMB430 million into a jointly established trust plan. Zhongyuan Trust will act as trustee and manager, providing asset management, financial consultancy and risk management consultancy services to the group, enabling it to leverage Zhongyuan Trust’s resources, information and investment capabilities. The deal is classified as a discloseable transaction under Hong Kong listing rules, triggering reporting and announcement requirements but exempting it from shareholder approval, and is aimed at supporting the group’s strategic planning and business development needs while potentially strengthening its capital management and financial risk control framework.
The most recent analyst rating on (HK:2001) stock is a Buy with a HK$1.50 price target. To see the full list of analyst forecasts on China New Higher Education Group Ltd stock, see the HK:2001 Stock Forecast page.
More about China New Higher Education Group Ltd
China New Higher Education Group Limited is a Hong Kong-listed private higher education operator focused on vocational and applied-oriented tertiary education in mainland China. Through subsidiaries such as Yun Ai Group, the company seeks to enhance its financial and operational flexibility to support long-term strategic development of its education businesses.
Average Trading Volume: 4,721,280
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$2.03B
See more data about 2001 stock on TipRanks’ Stock Analysis page.