NEW HIGHER EDU Group (02001) rose over 5%, up 5.5% at the time of publication, priced at 1.15 HKD, with a turnover of 10.566 million HKD.
According to the Zhito Finance APP, NEW HIGHER EDU Group (02001) rose over 5%, up 5.5% at the time of publication, priced at 1.15 HKD, with a turnover of 10.566 million HKD.
On the news front, Li Xiaoxuan, Chairman and Executive Director of NEW HIGHER EDU Group, has recently increased his shareholding in the company multiple times. According to the latest data from the Hong Kong Stock Exchange, on December 11, Li Xiaoxuan increased his holdings in NEW HIGHER EDU Group by 1.559 million shares at a price of 1.0493 HKD per share, with a total amount of 1.6359 million HKD. After the increase, the latest number of shares held is 0.762 billion shares, with the latest shareholding ratio at 49.4%.
NEW HIGHER EDU Group previously announced its annual performance, with total revenue of approximately 2.835 billion yuan, a year-on-year increase of 12.2%; adjusted Net income of 0.772 billion yuan, a year-on-year increase of 6.1%. The final dividend is 0.233 yuan per share, and the company announced that it will distribute this period's dividend in the form of scrip dividend, maintaining a dividend payout ratio of 50%. CICC believes that the company plans to distribute the final dividend in an abnormal scrip form mainly considering the retention of Cash / Money Market for the group's Business development and operational needs, especially related to capital expenditure invested in vocational school enrollment and undergraduate programs in the coming years, to improve the liquidity of share trading.