New Oriental Education’s Stock Price Plummets Amid Stricter Government Regulation
The share price of New Oriental Education on the Hong Kong Stock Exchange on Friday afternoon has suddenly slumped. As of 4:10 pm, its was selling at HK $30.60 per share – down 39.63% – hitting a new low since its Hong Kong debut. Its latest market valuation sits at HK $55.541 billion.
Insiders speculated that the cause of the falling st…
Keep reading with a 7-day free trial
Subscribe to Pandaily to keep reading this post and get 7 days of free access to the full post archives.