Scholar Education Group (HK:1769) has released an update.
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Scholar Education Group has announced a market purchase of 440,000 shares as part of its share award scheme, at an average price of HK$5.20 per share, representing 0.078% of the total shares. The company believes the current share price does not reflect its actual value and performance, viewing the acquisition as a strategic opportunity to leverage for future awards under the scheme. The company remains confident in its business outlook and will continue to assess market conditions for further purchases.
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