EDU Holdings Limited (AU:EDU) has released an update.
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EDU Holdings Limited, a prominent tertiary education group, has announced plans to buy back shares on-market worth up to $1 million and to engage in selective buy-backs with specific institutional shareholders, despite market uncertainties due to new government caps on international student commencements. The strategic move, aimed at capital management, involves purchasing approximately 16.5 million shares and is seen as a reflection of the company’s strong financial standing and long-term value. The selective buy-backs, making up 8.9% of the company’s outstanding shares, are pending shareholder approval, with further details forthcoming.
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