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Scholar Education Group ( (HK:1769) ) has shared an announcement.
Scholar Education Group has completed the subscription of 110 million new shares under its General Mandate, representing about 16.30% of the company’s enlarged share capital. The proceeds of approximately HK$241.3 million will be used to improve teaching quality, explore artificial intelligence projects, and support general corporate purposes. This move is expected to strengthen the company’s strategic positioning and operational capabilities.
The most recent analyst rating on (HK:1769) stock is a Buy with a HK$3.50 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 industry. The company focuses on enhancing teaching quality and student learning experiences, with investments in course development, facility renovation, and teaching equipment.
Average Trading Volume: 3,776,794
Technical Sentiment Signal: Hold
Current Market Cap: HK$1.86B
Learn more about 1769 stock on TipRanks’ Stock Analysis page.