Scholar Education Trustee Adds Shares for Award Scheme as Board Signals Undervaluation
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Scholar Education Group (HK:1769) announced that its trustee purchased 200,000 shares at an average price of HK$1.69, totaling around HK$337,000. This acquisition represents 0.03% of the issued share capital, increasing the trustee's holdings to 9,602,000 shares (1.43% of the company). The board believes the current share price undervalues the company and views this repurchase as a strategic move to enhance incentive awards, reflecting confidence in the company's future. Further share purchases may occur based on market conditions.
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