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Scholar Education Group ( (HK:1769) ) has issued an update.
Scholar Education Group has expanded its share award scheme with an on-market purchase of 210,000 shares on 6 May 2026, representing about 0.031% of its issued share capital. The shares, bought at an average price of approximately HK$1.58 for a total of around HK$332,000, will be held in trust for selected participants, bringing the trustee’s total holdings under the scheme to about 11.25 million shares, or 1.67% of shares outstanding.
The board argues that the current share price significantly undervalues the company’s fundamentals and sees the buy-in as a chance to stockpile shares for future awards, reinforcing confidence in its business outlook. Management signalled it will continue monitoring market conditions and may instruct further purchases for the scheme, using the programme as a tool to incentivise participants and potentially support the stock in the secondary market.
More about Scholar Education Group
Scholar Education Group is a Cayman Islands-incorporated company listed in Hong Kong that operates in the education sector. It focuses on providing tutoring and related educational services in the Chinese market, positioning itself as a long-term player in the private education industry despite regulatory and market volatility.
Average Trading Volume: 637,524
Technical Sentiment Signal: Sell
Current Market Cap: HK$1.05B
See more insights into 1769 stock on TipRanks’ Stock Analysis page.