Sunlands Tech says China education report reveals strong growth; shares rally
11/06/2020 14:03
** Online education services provider's shares STG.N up
11.8% at $1.70 premarket
** STG says China Ministry of Education's National
Statistical Report shows strong growth in post-secondary
enrollment in the country, including multi-year recovery in
adults continuing education
** Company says report demonstrates "tremendous market
opportunity" when it comes to post-secondary and professional
education in China urn:newsml:reuters.com:*:nPn7yx7Txa
** STG says enrollment is expected to expand to over 1 mln
in 2020, and in order to capture this growth opportunity, it has
launched several online training services
** Additionally, shares of professional education services
provider Tarena International Inc TEDU.O up 20.4%
** STG down ~41% YTD, as of last close
(Reporting by Arundhati Sarkar in Bengaluru)
((Arundhati.Sarkar@thomsonreuters.com; +1 646 223 8780 Ext:
2776; Reuters Messaging:
arundhati.sarkar.thomsonreuters.com@reuters.net))