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Scholar Education Group ( (HK:1769) ) just unveiled an announcement.
Scholar Education Group has entered into Subscription Agreements to issue 110,000,000 new shares at HK$2.2 per share, representing a discount to recent share prices. The proceeds, estimated at HK$241.3 million, will be used to enhance teaching quality, explore AI projects, and support general corporate purposes. The completion of these subscriptions is contingent upon approval from the Stock Exchange’s Listing Committee, and shareholders are advised to exercise caution.
The most recent analyst rating on (HK:1769) stock is a Hold with a HK$3.00 price target. To see the full list of analyst forecasts on Scholar Education Group stock, see the HK:1769 Stock Forecast page.
More about Scholar Education Group
Scholar Education Group is a company incorporated in the Cayman Islands, operating within the education sector. The company focuses on enhancing teaching quality and improving students’ learning experiences through course development, facility renovation, and the use of advanced teaching equipment. It is also exploring potential projects in artificial intelligence.
Average Trading Volume: 2,608,143
Technical Sentiment Signal: Sell
Current Market Cap: HK$1.49B
For a thorough assessment of 1769 stock, go to TipRanks’ Stock Analysis page.