Scholar Education Group Expands Share Award Pool With New On-Market Purchase
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Scholar Education Group (HK:1769) has expanded its share award pool by purchasing 1,750,000 shares on the market, representing 0.26% of its issued share capital, at an average price of HK$2.12 per share. The total consideration for this purchase was approximately HK$3.7 million. The trustee now holds 16.8 million shares, or 2.49% of the company’s issued shares, for future awards. The board believes the current share price undervalues the company and may continue on-market purchases as conditions allow. The latest analyst rating for the stock is a Hold with a HK$2.00 price target.
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