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Hong Kong stocks alert | China East Education (00667) has risen by more than 5%, and institutions said that the mid-year report is expected to exceed expectations. In the long term, extending the education system may become a new growth point.
China East Edu (00667) is now up more than 5%. As of press time, it has risen by 5.56%, to HKD 2.28, with a turnover of HKD 15.849 million.
China East Edu (00667) intends to provide financial support through its designated subsidiary.
China East Edu (00667) announced that on June 11, 2024 (after the end of the trading session), the company and Wu Junbao, Wu Wei, and Xiao Guoqing each entered into a loan framework agreement. The company agrees to provide daily maximum surplus (excluding accrued interest) of RMB 50 million to Wu Junbao, Wu Wei, and Xiao Guoqing's designated Chinese collection company through its designated Chinese loan subsidiary, for RMB revolving loan financing, with an annual interest rate of 7% during the effective period.
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