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EDU Holdings Limited ( (AU:EDU) ) has shared an announcement.
EDU Holdings Limited has announced its intention to voluntarily delist from the Australian Securities Exchange (ASX), pending shareholder approval. The decision is driven by low trading volumes, regulatory uncertainties in the international student market, and the costs associated with maintaining its listing. The company plans to offer an off-market buy-back for shareholders who wish to sell their shares post-delistment. This move reflects the company’s strategic response to market conditions and regulatory challenges, particularly the impact of proposed government regulations on international student commencements, which could significantly affect its revenue.
More about EDU Holdings Limited
EDU Holdings Limited operates in the education industry, focusing primarily on providing educational services with a significant market focus on international students, which accounts for a substantial portion of its revenue.
Average Trading Volume: 104,307
Technical Sentiment Signal: Buy
Current Market Cap: A$21.08M
See more data about EDU stock on TipRanks’ Stock Analysis page.