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Stock Market & Financial Investment News

News Breaks
January 17, 2013
16:36 EDTXUEXueda Education CEO sets up share purchase plan
Xueda Education Group announced that Mr. Xin Jin, co-founder and Chief Executive Officer of Xueda, has set up a purchase plan, under which Mr. Jin intends to use his personal funds to purchase up to 330,000 of the Company's American Depositary Shares, ADS, effective from December 28, 2012 and valid through December 31, 2013. Mr. Jin has informed the Company that he intends to make purchases under the plan from time to time on the open market at prevailing market prices pursuant to Rule 10b5-1 and Rule 10b-18 under the Securities Exchange Act of 1934, as amended.
News For XUE From The Last 14 Days
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May 20, 2015
07:34 EDTXUEXueda Education retains financial advisor and legal counsel
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May 19, 2015
16:23 EDTXUEXueda Education sees Q2 non-GAAP EPS 17c-19c, consensus 26c
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16:13 EDTXUEXueda Educ' reports Q1 non-GAAP EPS 2c, may not compare with one estimate (4c)
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May 15, 2015
08:51 EDTXUEXueda Education forms special committee to evaluate previously disclosed bid
Xueda Education Group announced last night that its board has formed a committee of independent directors to evaluate the preliminary non-binding proposal letter dated April 20 from Insight Investment Co., a Chinese company listed on the Shenzhen Stock Exchange, to acquire all of the company's outstanding shares. Each of the co-founders of the company currently intend to form a consortium with Insight Investment in connection with the proposal. The founders currently beneficially own, in the aggregate, shares of the company representing approximately 58.8% of the issued and outstanding shares of the company, Xueda noted.

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