New Oriental Education (EDU) Founder & Executive Chairman Michael Minhong Yu to Commence Max $30M ADS Buyback Over Next Three Months

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Go back to New Oriental Education (EDU) Founder & Executive Chairman Michael Minhong Yu to Commence Max $30M ADS Buyback Over Next Three Months

New Oriental Announces Founder Share Purchase Plan

October 25, 2018 7:58 AM EDT

BEIJING, Oct. 25, 2018 /PRNewswire/ -- New Oriental Education and Technology Group Inc. (the "Company" or "New Oriental") (NYSE: EDU), the largest provider of private educational services in China, today announced that its founder and executive chairman Michael Minhong Yu has informed the Company of his intention to use his personal funds to purchase the Company's American depositary shares ("ADS") on the open market for an aggregate amount up to a maximum of US$30 million within the next... More