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Stock Market & Financial Investment News

News Breaks
March 20, 2013
10:18 EDTEDU, ALBCFNew Oriental Chairman says no privatization plan going on, ChinaScope says
New Oriental Education (EDU) Chairman Yu Minhong has denied rumors of a privatization plan, ChinaScope Financial reports. Rumors had been swirling that the company was in talks with Alibaba (ALBCF) on issues regarding leveraged buyout. Reference Link
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September 5, 2014
11:34 EDTEDUNew Oriental Education to benefit from China policy change, says Credit Suisse
Credit Suisse said the China State Council issued a new plan for entrance exams to higher education exams that allow two chances for the English test, contrary to previous speculation that the English weighting could be lowered. The firm believes the news removes an overhang for New Oriental Education (EDU) and would also benefit TAL Education (XRS).

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