GIC Private Limited, the sovereign wealth fund of Singapore, has filed a Schedule 13G with the United States Securities and Exchange Commission on June 25, 2024, indicating a significant ownership stake in New Oriental Education & Technology Group Inc. (New Oriental). The filing reveals that GIC holds an aggregate of 83,282,305 common shares, which represents 5.03% of the company's class of securities. This stake includes both sole and shared voting and dispositive power over the shares, with 72,369,822 shares under GIC's sole control and 10,912,483 shares shared with the Monetary Authority of Singapore (MAS). The shares include ordinary shares and American Depositary Shares (ADSs) listed on the New York Stock Exchange under the symbol 'EDU'. GIC's investment is managed under an agreement with the Government of Singapore, which disclaims beneficial ownership of the shares. The filing asserts that the shares were not acquired for the purpose of changing or influencing the control of New Oriental.

GIC Private Limited, the sovereign wealth fund of Singapore, has filed a Schedule 13G with the United States Securities and Exchange Commission on June 25, 2024, indicating a significant ownership stake in New Oriental Education & Technology Group Inc. (New Oriental). The filing reveals that GIC holds an aggregate of 83,282,305 common shares, which represents 5.03% of the company's class of securities. This stake includes both sole and shared voting and dispositive power over the shares, with 72,369,822 shares under GIC's sole control and 10,912,483 shares shared with the Monetary Authority of Singapore (MAS). The shares include ordinary shares and American Depositary Shares (ADSs) listed on the New York Stock Exchange under the symbol 'EDU'. GIC's investment is managed under an agreement with the Government of Singapore, which disclaims beneficial ownership of the shares. The filing asserts that the shares were not acquired for the purpose of changing or influencing the control of New Oriental.