Understanding the Market | YUHUA EDU rises nearly 20% as its Hunan University of Foreign Economics and Trade receives approval to operate for profit

YUHUA EDU rose nearly 20%, as of the time of writing, up 19.61%, priced at HKD 0.61, with a transaction volume of HKD 52.2897 million. According to news from the Hunan Provincial Department of Education, YUHUA EDU Group's Hunan University of Foreign Economics has been approved to transition to a for-profit model, allowing the school to carry out classified registration as a for-profit private school. Public information shows that at the end of 2017, Hunan University of Foreign Economics joined YUHUA EDU Group, gradually resolving the structural issues related to the school's foreign-related development. It is understood that Hunan University of Foreign Economics is a private ordinary undergraduate institution approved by the Ministry of Education, offering 48 undergraduate programs and 8 associate degree programs, with a full-time student enrollment of 27,000