New High Education Group's single-day big dump of 51%. Analysts: 'Using shares instead of interest' may trigger investors' concerns about the capital chain.

Golden Ten Data on November 30, on November 29, after the opening of Hong Kong stocks, the share price of New Higher Education Group took a Nosedive, big dump exceeded 51%, hitting a record low, as of the close of the fall of 51.34%, at 0.91 Hong Kong dollars per share, the total Market Capfall to 1.404 billion Hong Kong dollars. Analysts pointed out that the main reason for the big dump of the stock price of the New Higher Education Group may be that the New Higher Education Group plans to pay a final dividend in the form of a scrip dividend to retain cash to support business development and operational needs and avoid increasing the debt-to-capital ratio. In the context of the year-on-year rise of revenue and net profit, the operation of “stock dividends” may have triggered investors’ worries about the company’s capital chain, and the funds directly chose to “vote with their feet”. According to the announcement, the board of directors of New Higher Education Group has resolved to pay a final dividend of RMB 0.233 per share for the year ended August 31, 2024 (final dividend of RMB 0.096 per share for the year ended August 31, 2023). The proposed final dividend will be paid in full in the form of scrip shares.