XJ International learns financial lesson as heavy debt prompts school asset sales
A prolonged downturn in China’s private higher-education sector has weighed heavily on the debt-heavy company, which is selling assets in a bid to survive Key Takeaways: XJ International’s latest asset…
China East Education feasts on growing demand for skilled workers
The leading provider of vocational education services posted 10% revenue growth in the first half of the year, as its profit jumped nearly 50% Key Takeaways: China East Education’s revenue…
FAST NEWS: Minsheng Education’s profit sinks on expansion costs
The Latest: Chinese vocational educator Minsheng Education Group Co. Ltd. (1569.HK) issued a profit warning last Friday, forecasting its net profit for the first half of this year will drop by about 64%…
XJ International gets lesson on perils of zero-coupon bonds
The vocational educator said holders of its zero-coupon convertible bonds due in 2026 are asking for a permitted early redemption Key Takeaways: Holders of all of XJ International’s $315 million…
China East Education returns to growth as short-term enrollments surge
The vocational educator’s revenue grew 4% in the first half of the year, reversing a 14% drop a year earlier when China’s tough Covid-control measures forced many of its schools…
China East Education Suffers Covid Slowdown as New Enrollments Drop
Vocational educator’s revenue slipped 6% in the first half of the year as school closures led to a 12% decline in income from the company’s core cooking classes Key Takeaways:…
FAST NEWS: Higher Expenses Dampen Minsheng Education’s Profit
The latest: Chinese vocational educator Minsheng Education Group Co. Ltd. (1569.HK) announced on Wednesday that its net profit fell 12% in the first half of the year to 339 million…
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