Scholar Education Group (HK:1769) has released an update.
Scholar Education Group has announced the on-market purchase of 1.38 million shares, representing approximately 0.248% of the company, at an average price of HK$4.69, as part of its share award scheme. The company believes the current share price undervalues its performance and sees this as an opportune time for the share purchase. The Board remains confident in the business’s outlook and plans to continue monitoring market conditions for future purchases under the scheme.
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