Tianli International Holdings Reassures Regarding Movement in Shares, Assists 30% more Students, Repurchases Shares

MT Newswires Live09-13

Tianli International Holdings (HKG:1773) disclosed that it has no information regarding the decrease in the trading price and increase in the trading volume of its shares which should be publicized to avoid a false market for the company's securities, a Thursday filing with the Hong Kong Exchange said.

The integrated education management company provided educational services to 130,000 students as of the beginning of the fall semester, 30% higher than 100,000 students from the same period last year. Of the 100,000, 54,000 were high school students, 46% more than a year ago.

The company, Sept. 12 repurchased 3,847,000 shares on the open market for HK$12.9 million at HK$3.35 per share.

The company's shares closed nearly 5% higher on Friday.

Price (HKD): $3.60, Change: $+0.16, Percent Change: +4.65%

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