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Meten EdtechX Education Group Ltd. (NASDAQ: METX) announced a public offering priced at $1.00 per share, aiming to raise approximately $40 million in gross proceeds. The offering will comprise 40,000,000 ordinary shares, with expected closing on May 26, 2021. The company has granted the underwriter a 45-day option to purchase an additional 15% of shares, potentially raising total proceeds to around $46 million. Funds from this offering will be used for working capital and general corporate purposes.

Meten EdtechX Education Group Ltd. (NASDAQ: METX) announced a public offering of ordinary shares to raise funds for corporate and working capital needs. The offering is subject to market conditions and managed by Aegis Capital Corp. This follows an effective shelf registration statement filed with the SEC on May 21, 2021. The company is a leading English language training provider in China, aiming to enhance English proficiency through innovative digital platforms and a robust network of learning centers.

Meten EdtechX Education Group Ltd. (Nasdaq: METX) announced significant growth in its junior English language training (ELT) business. In April 2021, gross billing increased by 1,910.4% year-over-year, while student enrollment rose by 758.1%. For the first four months of 2021, gross billing showed a 473.8% increase compared to the previous year. The company aims for RMB2.6 million in gross billing for the second quarter of 2021, projecting a 300% increase year-over-year. Positive market feedback has been noted, with 62.8% of gross billing from renewals and referrals.

Meten EdtechX Education Group Ltd. (Nasdaq: METX) reported a 13.8% increase in Q1 2021 revenues to RMB206.6 million ($31.5 million) driven by strong gross billings recovery post-COVID-19. Gross profit soared 93.8% to RMB70.8 million ($10.8 million), with a gross profit margin improvement of 14.2 percentage points to 34.3%. However, adjusted net loss decreased by 46.9% to RMB53.2 million ($8.1 million). The company closed 8 offline learning centers, while student enrollments surged by 45.1%. Future plans include developing a blockchain-based education platform.

Meten EdtechX Education Group Ltd. (Nasdaq: METX) announced it will release its Q1 fiscal year 2021 financial results on May 20, 2021, prior to U.S. market opening. The company, a leading English language training provider in China, operates three main brands: Meten, ABC, and Likeshuo, leveraging a sophisticated digital platform for enhanced teaching quality. The management's focus on digital growth and expanding its learning center network aims to meet the rising demand for English proficiency among Chinese students amidst globalization.

Meten EdtechX Education Group Ltd. (Nasdaq: METX) reported a positive cash flow of RMB8.2 million in March 2021, driven by RMB15.59 million from offline learning centers. The recovery follows the resumption of normal operations post-COVID-19 impacts. Moving forward, the company plans to optimize cash flow by closing underperforming stores, enhancing high-margin services, and reducing regional expenditures. Meten EdtechX continues to establish itself as a leading English language training provider in China, focusing on digital enhancements and expanding its learning center network.

Meten EdtechX Education Group Ltd. (Nasdaq: METX) announced a remarkable return to growth in its junior English language training (ELT) sector. For Q1 2021, gross billing surged by 485% and student enrollment increased by 483% year-over-year. All learning centers met profit targets, with 7 cities surpassing RMB1 million in gross billing. The company anticipates RMB121 million in gross billing for 2021, an 82% increase from 2020, driven by strong market feedback and student renewals.

Meten EdtechX Education Group Ltd. (Nasdaq: METX) reported its FY 2020 financial results, showing a 38% year-on-year revenue decline to RMB 897 million due to the COVID-19 pandemic. Gross billings fell 52.3% to RMB 721.2 million, with online English language training (ELT) revenue increasing by 11.3% to RMB 289.7 million. The company faced significant losses, with an adjusted net loss of RMB 319.4 million, a 218.5% increase from the previous year. Despite challenges, they are optimistic about recovery in 2021, focusing on blockchain and online-offline integration.

Meten EdtechX Education Group Ltd. (Nasdaq: METX) has announced its fiscal year 2020 financial results will be reported on April 26, 2021, before U.S. markets open. An earnings call will occur at 8:00 am ET to discuss the results. The company continues to be a leading provider of English language training in China, focusing on enhancing English fluency through a digital platform and extensive learning centers. Their commitment to quality education and innovative technology aims to meet the growing demand from students and professionals.