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Market Insight | Renowned influencer Dong Yuhui resigns, EAST BUY opens 15% lower, NEW ORIENTAL-S opens nearly 8% lower
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EAST BUY announced that the well-known influencer Dong Yuhui resigned, causing a decline in the stock prices of EAST BUY and NEW ORIENTAL-S in the morning session. EAST BUY's stock price fell by 15%, while NEW ORIENTAL-S's stock price dropped by 7.83%. Previously, EAST BUY announced the sale of its subsidiary to Dong Yuhui's company for a net asset of RMB 76.585 million, and awarded all net profits to Dong Yuhui. EAST BUY's market value has declined by more than 60%
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