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An update from JH Educational Technology INC. ( (HK:1935) ) is now available.
JH Educational Technology INC. has announced a change in the use of net proceeds from its 2019 IPO, reallocating approximately RMB415 million originally intended for acquisitions and business expansion to the construction and development of a new campus in Zhengzhou City, Henan Province. This decision comes in response to limited acquisition opportunities and challenges in obtaining land use rights for planned expansions, reflecting a strategic shift to focus on immediate infrastructure development.
More about JH Educational Technology INC.
JH Educational Technology INC. operates in the educational technology industry, focusing on expanding its school network and business through acquisitions and establishing new campuses. The company targets qualified undergraduate and junior colleges in central, eastern, and southern China, aiming to enhance its market presence in the private education sector.
YTD Price Performance: 3.85%
Average Trading Volume: 75,209
Technical Sentiment Consensus Rating: Hold
Current Market Cap: HK$1.3B
For an in-depth examination of 1935 stock, go to TipRanks’ Stock Analysis page.
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