Scholar Education chairman boosts stake with open market purchases

Scholar Education Group (HKEX: 1769) announced that its chairman and controlling shareholder, Chen Qiyuan, acquired 263,000 company shares between June 17 and June 19, 2025. The purchases were made on the open market at an average price of HKD 3.78 per share, totaling approximately HKD 1 million. The acquisition was facilitated through Sky Noon International Company Limited, an entity controlled by Chen. Following the transaction, Chen's total holdings amount to 219,658,000 shares, representing about 38.89% of the company's issued share capital. The chairman expressed confidence in the company's business strategy and future prospects, viewing the acquisition as a sign of his support. The announcement indicated that Chen may further increase his shareholding in the company, subject to market conditions and regulatory requirements. The company affirmed that it maintains sufficient public float of its shares after the acquisition.