Ambow Education Holding Ltd. Stock Price, News & Analysis

Ambow Education Holding Ltd. (NYSE American: AMBO) has entered a definitive agreement with the Ziyang Education and Sports Bureau for the Sichuan Ziyang Technical and Vocational Education and Training project. The project, supported by the Asian Development Bank, involves providing curriculum design and technological assistance with a total consideration of RMB5.63 million. Ambow's successful bid underscores its strong capabilities in vocational education, recognized internationally.

Ambow Education Holding Ltd. (NYSE American: AMBO), a leading provider of educational services in China, has secured a national patent for its AI Panorama Digital Teaching System. This innovative system fosters a hybrid classroom environment combining AI interaction with holographic imaging technology, aiming to transform online education. Ambow has also achieved a significant number of patents, including 20 utility model patents in mainland China and several filed in the U.S. and Taiwan. CEO Dr. Jin Huang emphasized the commitment to advancing intelligent educational services.

Ambow Education Holding Ltd. (NYSE American: AMBO) has formed a strategic partnership with Cisco to launch online international career education, training, and certification services. This collaboration will provide high-quality online courses and authoritative IT certifications for students and professionals globally. The initiative includes job placement support and vocational education curriculum design, aiming to enhance Ambow's training programs through Cisco's resources. The courses will be available on Ambow's Huanyujun Education Hub, further expanding access for its extensive user base.

Ambow Education Holding Ltd. (NYSE American: AMBO) announced that students from the Hebi Foreign Language High School have achieved top English test scores, making the school No. 1 among public schools in Hebi, Henan province. This success follows the integration of Ambow's AI-powered Bopo English program, which has been adopted by over 500 schools in China. The program is now accessible to individual users through the Huanyujun Education Hub, expanding its reach. CEO Dr. Jin Huang expressed commitment to enhancing educational resources using advanced AI technology.

Ambow Education Holding Ltd. (NYSE American: AMBO) announced that its Global Career Quality Assurance program has certified its first 100 trainees in strategic career planning since its launch in June 2020. The program aims to address the evolving employment landscape in China post-pandemic. Partnering with Dr. Tom Clawson, Ambow offers the Strategic Career Planning Consultant (SCPC) training via its online-to-offline platform. Certified consultants will provide valuable services to both individuals and enterprises, enhancing career management strategies in a volatile market.

Ambow Education Holding Ltd. (NYSE American: AMBO) has successfully closed a registered direct offering, raising approximately $6 million. The offering included 1,507,538 ADSs priced at $3.98 per ADS and 603,016 warrants with an exercise price of $4.68 per ADS. The company plans to use the net proceeds for general working capital purposes. FT Global Capital acted as the exclusive placement agent for the offering, which was conducted under a shelf registration statement with the SEC.

Ambow Education Holding Ltd. (NYSE American: AMBO) announced a registered direct offering of approximately 1,507,538 ADSs at $3.98 per ADS, totaling around $6.0 million in gross proceeds. The offering will close by October 2, 2020, pending customary conditions. Investors will receive unregistered warrants for 603,016 ADSs, exercisable at $4.68 per ADS, with a forced conversion feature if the ADS trades above $9.36 for 20 consecutive days. Proceeds will be used for working capital.

Ambow Education Holding Ltd. (NYSE American: AMBO) announced that its subsidiary, Ambow Shengying, won a bid for an Asian Development Bank (ADB) project in Ziyang, Sichuan, China. This project focuses on enhancing curriculum design and teaching capacity at the Ziyang Technical and Vocational Education and Training Center, aligning with ADB's goals for sustainable growth. Ambow's expertise in vocational education and its commitment to innovative technology reinforce its position as a leader in this sector.