Scholar Education Group Repurchases 2.6 Million Shares

MT Newswires Live

05/14

Scholar Education Group (HKG:1769) said it bought 2.6 million of its shares from the open market, according to a Wednesday filing with the Hong Kong bourse.

The private education services firm's shares fell over 2% in morning trade on Thursday.

The shares were purchased for HK$1.26 on average and HK$3.3 million in total.

Scholar Education said its current share price "significantly undervalues" the business, representing a good opportunity to buy it back from the market.

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