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China New Higher Education Group sells Songming Xinju stake for RMB 359.5 million

PUBT·07/10/2026 10:06:16
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China New Higher Education Group sells Songming Xinju stake for RMB 359.5 million
  • China New Higher Education Group agreed to sell 100% of Songming Xinju Enterprise Management to Guangxi Yinghua Haian Education Investment for RMB 359.5 million.
  • The target group controls Guangxi Yinghua International Occupation College and its affiliated middle school in Qinzhou via the school sponsor entity.
  • Completion occurred on May 29, 2026; the buyer paid the full consideration on the same day.
  • The disposal is expected to lift net assets by RMB 15.1 million; net proceeds of about RMB 359.1 million earmarked for debt repayment, working capital.
  • Unaudited target group revenue was RMB 162.55 million for the year ended Aug. 31, 2025; profit after tax was a loss of RMB 2.19 million.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. China New Higher Education Group Ltd. published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260710-12241213), on July 10, 2026, and is solely responsible for the information contained therein.