Summary by Futu AI
On April 30, 2024, BlackRock, Inc., a Delaware-based investment management corporation, filed an amended Schedule 13G with the Securities and Exchange Commission, indicating a change in its holdings in New Oriental Education & Technology Group Inc. The filing revealed that BlackRock now beneficially owns 78,570,095 shares of New Oriental, which represents 4.6% of the company's common stock. This marks a decrease from a previous holding, as BlackRock has checked the box indicating it now owns 5% or less of the class of securities. The filing includes a certification that the shares were acquired in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer. The document was signed by Spencer Fleming, Attorney-In-Fact for BlackRock, Inc., on May 7, 2024.