SCHOLAR EDU (01769.HK): trustee buys 148,000 shares at HKD 0.68
- The trustee bought 148,000 shares, about 0.022% of issued shares, at an average of about HKD 0.68 each.
- Total consideration was about HKD 100,000 excluding transaction costs, held in trust for selected participants.
NewTimeSpace News: On 4 November 2026, Scholar Education Group (stock code: 01769) said in a voluntary announcement that the trustee bought 148,000 shares on-market under the share award scheme rules and the trust deed, held in trust for selected participants, representing about 0.022% of total issued shares as at the announcement date, at an average of about HKD 0.68 per share for a total of about HKD 100,000 excluding transaction costs.
Following the purchase, the trustee holds 54,227,000 shares, or about 8.05% of total issued shares. The board believes the current share price seriously undervalues the company, making this a good opportunity to buy shares for future grants under the scheme, and is confident about its business prospects; it will keep monitoring the market and instruct the trustee to make further purchases as appropriate.
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