BRIEF: China East Education announces school upgrade

0667.HK

Vocational educator China East Education Holdings Ltd. (0667.HK) said on Monday its wholly owned Wontone Senior Technical School was officially upgraded by the Anhui provincial government to Anhui Wontone Technician College. The upgrade makes the facility China East Education’s first technical college. 

The company said the upgrade “not only reflects the strength of the group in running schools … but also is a strong proof of the group’s determination to expand and strengthen the vocational education industrial parks, marking a solid step towards building a ‘vertical integration’ vocational education system in response to the call of the national policy.”

Anhui Wontone Technician College currently has more than 8,100 students and 463 full-time teachers, and has a building area of more than 150,000 square meters. China East Education’s shares fell 1.05% in Monday trade in Hong Kong after the announcement.

By Doug Young

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