Bright Scholar E - BEDU STOCK NEWS

Bright Scholar Education Holdings Limited (NYSE: BEDU) will hold an extraordinary general meeting on December 10, 2021, at 10:00 a.m. Beijing Time, to discuss a business disposal plan in response to new private education regulations in China. The record date for shareholders to participate is November 15, 2021. The company aims to adapt to the amended regulations that took effect on September 1, 2021. Details of the Plan are available in the Proxy Statement filed with the SEC and on the company's investor relations website.

Bright Scholar Education Holdings Limited (NYSE: BEDU) announced the delay of its earnings release for the fiscal quarter ending August 31, 2021, with a rescheduled date set for December 2021. This follows the Implementation Regulations in the PRC, effective September 1, 2021, restricting for-profit control of kindergartens and private schools. Despite regulatory challenges, Bright Scholar maintains guidance for its 2021 fiscal year revenue between RMB3.59 billion and RMB3.69 billion, a year-over-year increase of 7-10%.

Forbes China Insights has released a report highlighting 60 outstanding Chinese entrepreneurs in North America, focusing on their innovation and success. This first-ever report categorizes honorees into business leaders, cultural leaders, and potential elites, with 30% being women. The companies led by the business leaders boast an average annual revenue of $3.87 billion. Notable figures include Andrew Ng and Eric Yuan. The report also showcases young talent from prestigious universities and companies, emphasizing the significant achievements and contributions of the Chinese diaspora.

Biostage, Inc. (OTCQB: BSTG) has appointed Jerry He as an independent director, aiming to enhance its business strategy and innovation. He brings extensive experience, previously serving as CEO of Bright Scholar Education (NYSE: BEDU) and holding key positions at TStone Corp. and Noah Education Holdings. The company also secured $2.6 million from private placements to support its operations through 2021. Biostage is focused on developing regenerative esophageal implants using its patented technologies to address significant patient needs.

Bright Scholar Education Holdings Limited (NYSE: BEDU) announced that China's recent regulations regarding after-school tutoring will not significantly impact its business. The rules, released on July 24, 2021, focus on limiting homework and tutoring for grades 1-9. Bright Scholar has minimal exposure to these grades, emphasizing its diversified portfolio, including overseas study counseling, ed-tech services, and K-12 institutions. The company operates 107 schools in China and eight internationally, serving over 100 nationalities. It will continue to monitor and adapt to regulatory changes.

Bright Scholar Education Holdings Limited (NYSE: BEDU) announced a board-approved repurchase program for up to US$30 million of its senior notes listed on the Stock Exchange of Hong Kong. The Executive Vice Chairman, Jerry He, expressed confidence in the company’s financial position and sustainable free cash flow. This initiative aims to optimize the company's debt structure while maintaining liquidity for long-term growth. The program may be adjusted based on market conditions and does not have specific limitations.

Bright Scholar Education Holdings Limited (NYSE: BEDU) announced the outcomes of its 2021 annual general meeting held on July 28, 2021. Shareholders ratified the appointment of Deloitte Touche Tohmatsu Certified Public Accountants LLP as the independent registered public accounting firm for the fiscal year ending August 31, 2021. As of May 31, 2021, Bright Scholar operated 107 schools in China and eight internationally, focusing on K-12 education and international opportunities for students.

Bright Scholar Education Holdings Limited (BEDU) reported strong financial results for the third fiscal quarter ending May 31, 2021. The company achieved a 42.5% increase in revenue to RMB 1,053.8 million and a 141.0% surge in net income to RMB 163.9 million. The domestic K-12 segment was a key driver, with 72.5% revenue growth, reflecting a recovery from COVID-19 impacts. However, the nine-month performance showed a 7.4% revenue growth, with declining gross profit margin to 35.2%. A dividend of US$0.12 per ADS was declared, signaling confidence in future growth.

Bright Scholar Education Holdings Limited (NYSE: BEDU) has declared a cash dividend of US$0.12 per ordinary share, totaling approximately US$14 million. The dividend will be paid on August 16, 2021, to shareholders on record as of August 2, 2021. This decision reflects the Board's discretion based on the company's operational performance and financial condition. Bright Scholar operates 107 schools in China and emphasizes quality international education for global students.