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Leader Education Limited ( (HK:1449) ) just unveiled an update.
Leader Education Limited announced that its controlling shareholders, Junhua Education Limited and Shuren Education Limited, have pledged a significant portion of their shares as collateral for a loan facility amounting to RMB350,000,000. This move is intended to support Heilongjiang College of Business and Technology, a consolidated affiliated entity of the company. The pledged shares represent approximately 74.50% of the company’s issued share capital, and the arrangement is expected to be concluded upon full repayment of the loan. The company will continue to disclose relevant information in its interim and annual reports as required by the listing rules.
More about Leader Education Limited
Leader Education Limited operates in the education industry, focusing on providing educational services. The company is incorporated in the Cayman Islands and is listed on the Hong Kong Stock Exchange.
Average Trading Volume: 343,652
Technical Sentiment Signal: Sell
Current Market Cap: HK$170M
See more insights into 1449 stock on TipRanks’ Stock Analysis page.