Live-Streaming Influencer Leaves East Buy, Buys Namesake Unit

MT Newswires Live07-26

Live-streaming influencer Yuhui Dong has resigned from East Buy Holding (HKG:1797) due to his career aspirations and commitment to other pursuits effective Thursday, a Friday bourse filing by parent New Oriental Education & Technology Group (HKG:9901) said.

On the same day, Yuhui Dong agreed to buy Time with Yuhui (Beijing) Technology for around 76.6 million yuan from Beijing New Oriental Xuncheng Network Technology, a variable interest entity of e-commerce company East Buy.

Shares of New Oriental Education & Technology Group and East Buy closed over 4% and 23% lower, respectively, on Friday.

Price (HKD): $54.95, Change: $-2.55, Percent Change: -4.43%

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