Key Developments: ChinaEdu Corp (CEDU.W)
6.39USD
9 Apr 2013
$-0.08 (-1.24%)
$6.47
$6.39
$6.39
$6.39
100
31
$7.74
$4.27
Latest Key Developments (Source: Significant Developments)
ChinaEdu Corp Issues Q1 2013 Revenue Guidance In Line With Analysts' Estimates
ChinaEdu Corp announced that for first quarter of 2013, it expects net revenue to range from RMB116 million to RMB120 million or $18.6 million to $19.3 million. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $18.7 million for first quarter of 2013. Full Article
ChinaEdu Corp Announces Share Repurchase Program
ChinaEdu Corp announced that the Company's Board of Directors has approved a share repurchase program. Under the terms of the program, the Company is authorized, but not obligated, to repurchase up to USD40 million in aggregate amounts of ADSs in the open market or through privately negotiated transactions. In privately negotiated transactions, the Company is authorized, but not limited, to reach agreements with each of the following shareholders Columbia Pacific Advisors, LLC, Lake Union Capital Management, LLC and New Vernon Investment Management LLC to purchase at total of 5,175,456 ADSs at USD5.60 per share. The method, timing and amount of any repurchase will depend on market conditions, the trading price of the ADSs and other factors. Such repurchases will be subject to, and executed in compliance with, relevant rules under United States securities regulations. The share repurchase program may be suspended, modified or discontinued at any time. The share repurchase program will be funded with the Company's available working capital as well as bank loans. Full Article
ChinaEdu Corp Issues Q4 2012 Revenue Guidance In Line With Analysts' Estimates
ChinaEdu Corp announced that for the fourth quarter of 2012, it expects total net revenue to range from RMB124 million to RMB129 million or $19.7 million to $20.5 million. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $20 million for the fourth quarter of 2012. Full Article
ChinaEdu Corp Issues Q3 2012 Revenue Guidance Above Analysts' Estimates
ChinaEdu Corp announced that for the third quarter of 2012, it expects total net revenue to range from RMB119 million to RMB122 million or $18.7 million to $19.2 million. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $18.5 million for the third quarter of 2012. Full Article
ChinaEdu Corporation Issues Q2 2012 Revenue Guidance In Line With Analysts' Estimates
ChinaEdu Corporation announced that for the second quarter of 2012, it expects net revenue to range from RMB111 million to RMB113 million or $17.6 million to $17.8 million. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $17.6 million for the second quarter of 2012. Full Article
ChinaEdu Corporation Issues Q1 2012 Revenue Above Analysts' Estimate-Conference Call
ChinaEdu Corporation announced that it expects total net revenue in the first quarter of 2012 to range from RMB110 million, to RMB115 billion, or $17.5 million to $18 million. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $16.7 million for the first quarter of 2012. Full Article
ChinaEdu Corporation Announces Appointment Of Shawn Ding As Chief Executive Officer
ChinaEdu Corporation announced changes to the management structure of the company. Mr. Shawn Ding, President and Chief Operating Officer will resign from that role to become Chief Executive Officer, effective immediately. Former Chief Executive Officer and Chairman of the Board of Directors, Ms. Julia Huang, will maintain her role as the Chairman of the Board of Directors and will continue to work full time for the Company as Executive Chairman. Full Article
ChinaEdu Corporation Issues Q4 2011 Revenue Guidance Above Analysts' Estimates
ChinaEdu Corporation announced that it expects total net revenue in the fourth quarter of 2011 to range from RMB110 million to RMB115 million or $17.4 million to $18.0 million. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenues of $16.8 million for the fourth quarter of 2011. Full Article
ChinaEdu Corporation Announces Appointment of Chief Financial Officer Simon Mei
ChinaEdu Corporation announced the appointment of Mr. Simon Mei as Chief Financial Officer, effective immediately. Full Article
ChinaEdu Corporation Issues Q3 2011 Revenue Guidance In Line With Analysts' Estimate
ChinaEdu Corporation announced that for the third quarter of 2011, it expects total net revenue to range from RMB112 million to RMB116 million or $17.4 million to $18.0 million. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenues of $18.0 million for the third quarter of 2011. Full Article
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