New Oriental Education Tech (EDU) has released an update.
New Oriental Education & Technology Group Inc. has announced the departure of Mr. Yuhui Dong from its majority-owned subsidiary, East Buy Holding Limited, due to personal pursuits and without any disputes. Concurrently, a deal was struck for Mr. Dong to acquire a subsidiary of East Buy, which will result in the subsidiary no longer being part of East Buy’s consolidated financial statements after the transaction is completed within the next six months.
For further insights into EDU stock, check out TipRanks’ Stock Analysis page.
