New Oriental CFO Xie Dong: Last year considered the exit

More Information Network April 25, the analyst meeting after the earnings report yesterday, the new Oriental CFO Shedong said last year was short of muddy water when the board had considered to retire, the new Oriental to Hong Kong listing is not difficult. Last July, muddy water short of the new Oriental, refers to its franchise in the concealment, and the existence of financial fraud, the new Oriental shares in two consecutive days plunged over 20%. Shedong at the analyst meeting, the board began discussing whether to privatize, even with some investment banks, accountants and lawyers, and the new Oriental from the NYSE to other markets such as Hong Kong is not difficult. Xie Dong the listing model mentioned in foreign countries is more common, that is, the so-called PPP (Public-private-public) model, generally appear in the company that the current stock price is seriously below the reasonable level, re-listing can get better valuation. At the analyst meeting, Shedong also mentioned two regional markets in Beijing and Shanghai: Beijing's school growth rate in the third quarter is 17%, Shanghai is 9%; Beijing School contributes 23% of total income, Shanghai is 9%, profit margin, Beijing school is 34%, Shanghai is 20%. (Multi-Knowledge network Zhang)