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December 6, 2012
05:20 EDTEDUNew Oriental Education issues clarification on market activity
New Oriental Education and Technology Group issued th following statement: In view of the continued market activity in the company's ADS, New Oriental would like to clarify that even though the company's independent auditor is Deloitte Touche Tohmatsu, the company is not the Deloitte Touche Tohmatsu client referred to by the U.S. SEC in its proceedings initiated against the five accounting firms in China.
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