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Scholar Education Group ( (HK:1769) ) has provided an update.
Scholar Education Group has disclosed that the trustee of its share award scheme purchased 2,600,000 shares on the market on 13 May 2026, representing about 0.386% of its issued share capital, at an average price of roughly HK$1.26 per share. Following this transaction, the trustee holds 15,195,000 shares, or about 2.26% of the company, to be used for future awards to selected participants under the scheme.
The board stated it views the current share price as significantly undervaluing the company’s underlying value, framing the buy-in as a timely opportunity to accumulate shares for incentive purposes. Management reiterated confidence in the group’s business outlook and indicated it will continue to monitor market conditions and may instruct further share purchases under the scheme at its discretion, potentially signaling support for the stock and aligning incentives with long-term performance.
More about Scholar Education Group
Scholar Education Group is a Hong Kong-listed education services provider focused on delivering tutoring and related learning programs in China. The company operates under a share award scheme to incentivize selected participants, aligning employee and stakeholder interests with its long-term business prospects in the education sector.
Average Trading Volume: 645,615
Technical Sentiment Signal: Sell
Current Market Cap: HK$983.5M
For detailed information about 1769 stock, go to TipRanks’ Stock Analysis page.