More than 20 school operators yesterday met Education Bureau officials for a briefing on the criteria under which a takeover of Yau Tong's troubled Pegasus school by a new sponsoring body will occur. At the briefing, bureau principal assistant secretary for school development Steve Lee Yuk-fai said interested organisations should submit proposals to operate Pegasus Philip Wong Kin Hang Christian Primary School cum Junior Secondary School by 5pm on Monday. Last month the government demanded that Pegasus Social Service Christian Organisation give up its right to operate the school. The school had been operating on a provisional licence since it was founded in 2001. The organisation announced last month that it would surrender its operating rights to the 500-student school. Pegasus school supervisor Carman Leung said the decision was made because the school failed to obtain government approval to run secondary school classes. Yesterday, Mr Lee said school operator applicants who passed initial qualifying hurdles would be required to submit a detailed takeover proposal within the next two weeks. Raymond Sy Kim-cheung, bureau principal assistant secretary for infrastructure and research support, said officials would consider the education principles of potential operators, 'their education history, the quality of their proposals, the support provided to students and their self-assessment reports'. The committee would make a recommendation to the bureau and announce the new operator in mid-July, he said. When asked whether the selection process was being rushed, Mr Lee said: 'Prompt action is needed because we have to transfer [the school] to the new operator before the next academic year and we don't want to affect the students.' At the briefing, concerns were raised about the financial state of the school and asked whether a new sponsoring body would have to bear any legal or financial responsibilities for problems arising from the previous administration's dealings. Meanwhile, popular video sharing website YouTube carried four videos of unknown source showing Carman Leung defending the school management in the form of an interview. In one of them, she says she did not use the power given by her position in the school to accept loans from any parents of pupils.