BRIEF: Fenbi partners with Huatu on exam prep services
Vocational education platform Fenbi Ltd. (2469.HK) said on Sunday it has signed an agreement with Huatu Cendes (300492.SZ) to explore collaboration in recruitment examination preparation services. Fenbi said potential cooperation areas may include equity investment, corporate governance, technology development, distribution channel partnerships and customer service enhancements.
Fenbi indicated the tie-up could include potential integration of both parties’ infrastructure and AI application technologies to expand their revenue bases or boost operational and marketing efficiency. Both sides believe the collaboration could substantially improve users’ learning experience while consolidating their leadership position within the sector.
Huatu listed on Shenzhen Stock Exchange’s ChiNext board in 2003. Its core businesses include construction engineering and design services, along with recruitment training, supported by an extensive network of physical branches.
Shares of Fenbi fell 5.8% on Monday to close at HK$2.46. The stock is down about 4% this year.
By Lau Chi Hang
To subscribe to Bamboo Works weekly free newsletter, click here
Related Articles
RELATED ARTICLES
-
Fenbi takes defensive action after steep share slide
2469.HK -
China East Education feasts on growing demand for skilled workers
0667.HK
- Declining revenues, widening losses remove polish from Hiducation IPO
-
iHuman’s international drive hops ahead with Cricket Media tie-up
IH.US
-
From classroom crackdowns to shifting cabin crews, China adapts to new realities
601021.SHG
-
XJ International learns financial lesson as heavy debt prompts school asset sales
1765.HK
-
Harrods retreats from Shanghai as private colleges face degree of reckoning
1765.HK
