Scholar Education Group Expands Share Award Pool With Market Purchase Amid Confidence in Valuation
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Scholar Education Group (HK:1769) has expanded its share award pool by purchasing 1,500,000 shares at an average price of HK$2.06, totaling approximately HK$3.09 million. This acquisition represents about 0.223% of its issued share capital, increasing the trustee's holdings to 15,050,000 shares (2.23% of total). The board believes the current share price undervalues the company, indicating confidence in its outlook. The latest analyst rating for the stock is a Hold with a price target of HK$2.00. Scholar Education Group focuses on tutoring services in the Greater China market.
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