- Chinese tutoring company New Oriental Education (NYSE:EDU) appears to be being investigated in a Chinese province over false advertising claims.
- The Guangzhou Municipal Bureau of Market Supervision and the Municipal Bureau of Education was investigating 12 off-campus training institutions including New Oriental, according to Chinese publication The Paper (Google translation).
- New Oriental Education fell 2.7% yesterday and is largely unchanged in premarket trading.
- On Tuesday, China tutoring co. New Oriental Education falls on unexpected regulatory tightening.
- Last week, New Oriental Education, TAL fall on report on new Chinese rules on tutoring industry.
Watch New Oriental Education on potential Chinese province false advertising probe
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Symbol | Last Price | % Chg |
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EDU | - | - |
New Oriental Education & Technology Group Inc. |