Top Education Group Ltd. has announced a proposed off-market share buy-back as part of a connected transaction, aiming to enhance its net asset value per share and earnings per share. The board has considered offering a consideration per buy-back share at a discount of approximately 58.3% to the audited net asset value per share as of June 30, 2024, and approximately 58.9% to the unaudited net asset value per share as of December 31, 2024. The transaction is seen as a strategic opportunity for the company.
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