China Yuhua Education Corp. Ltd. (HK:6169) has released an update.
Don’t Miss TipRanks’ Half Year Sale
- Take advantage of TipRanks Premium for 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
China Yuhua Education Corporation Limited has agreed to sell its subsidiary, which operates a university in Thailand, for HK$240 million to an independent buyer. This transaction is aimed at facilitating the repayment of the company’s convertible bonds due in 2024. As a discloseable transaction, it entails specific announcement and reporting requirements under Hong Kong’s listing rules.
For further insights into HK:6169 stock, check out TipRanks’ Stock Analysis page.