Ambow Education: Gains after winning bid for ADB-backed project

Ambow Education Holding

30/09/2020 16:39

** U.S.-listed shares of Chinese educational services
provider  AMBO.A  rise as much as 10.3% to $5.35; stock up for
fourth straight session
    ** Says wins bid for Asian Development Bank-backed project 
in Ziyang, Sichuan Province of China  urn:newsml:reuters.com:*:nPn98vxqWa
    ** Project to provide Ziyang Technical and Vocational
Education and Training Center with curriculum design and
technological aid for teaching capacity expansion
    ** The deal comes two days after AMBO expanded its
partnership with Amazon's  AMZN.O  cloud computing unit AWS to
provide digital professional education, training and
certification  urn:newsml:reuters.com:*:nL4N2GP380
    ** YTD, stock has jumped 152%

 (Reporting by Ankit Ajmera in Bengaluru)
 ((ankit.ajmera@thomsonreuters.com))