The release of the draft legislation in August, along with a ban on kindergartens raising funds in capital markets announced later, pushed Chinese education stocks off a cliff. Photo: Alamy Stock Photo

Head of Chinese school operator Yuhua demands reversal of ban on M&A deals that has crippled stock prices and ‘threatens growth’

  • Li Guangyu, chairman of Hong Kong-listed Yuhua Education, calls for the removal of a clause in a new draft law that restricts schools’ expansion through M&A deals
  • In a rare move, he addressed his concerns directly at lawmakers at Beijing’s annual National People’s Congress
Topic |   Two Sessions 2019 (Lianghui)

TOP PICKS

The release of the draft legislation in August, along with a ban on kindergartens raising funds in capital markets announced later, pushed Chinese education stocks off a cliff. Photo: Alamy Stock Photo
READ FULL ARTICLE