New Oriental Education shares slump 33% on fraud claims

As Reuters have reported, the Chinese education company’s shares, which are listed in New York, fell 33% following the claim by Muddy Waters.

Shares in New Oriental plunged by a similar amount on Tuesday when the company revealed its accounts were being probed by US regulators.

Almost $2bn has been wiped off the company’s value this week.

Read more

Advertisements
This entry was posted in Articles, Breaking News, Business, Finance and tagged , , , , , , . Bookmark the permalink.

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s