INGAPORE – It is an unusual sight to have two bellwether education stocks plunging by over 50 per cent in a single day.
When news broke late last week that Chinese regulators require K-12 private tutoring firms to be converted into non-profit institutions, the share prices of the two largest Chinese private education services – New Oriental Education & Technology Group and TAL Education Group – corrected by around 70 per cent.
Please subscribe or log in to continue reading the full article.
Array
