Puxin Limited to Hold Annual General Meeting on December 18, 2020
Rhea-AI Summary
Puxin Limited (NYSE: NEW) has scheduled its annual general meeting (AGM) for December 18, 2020, from 9:00 a.m. to 11:00 a.m. Beijing Time. The AGM will take place at Floor 16, Chuangfu Mansion, Beijing. No shareholder proposals will be submitted, and the meeting will serve as an open forum for discussions between shareholders and management. Shareholders must be recorded by the close of business on November 23, 2020, to attend.
Puxin is a consolidator in China's after-school education industry, specializing in K-12 and study-abroad tutoring programs.
Positive
- Puxin Limited is a consolidator of the after-school education industry in China, showcasing strong acquisition and integration expertise.
- The Company offers a comprehensive range of educational programs aimed at improving student academic performance.
- Puxin's strategic business model combines acquisitions with organic growth, enhancing its market position.
Negative
- None.
News Market Reaction – NEW
In the trading session that priced this news, NEW declined 3.33%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
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BEIJING, Nov. 17, 2020 /PRNewswire/ -- Puxin Limited (NYSE: NEW) ("Puxin" or the "Company"), a successful consolidator of the after-school education industry in China, today announced that it will hold its annual general meeting of shareholders (the "AGM") at Floor 16, Chuangfu Mansion, No. 18 Danling Street, Haidian District, Beijing, People's Republic of China on December 18, 2020 at 9:00 a.m. – 11:00 a.m. (Beijing Time).
No proposal will be submitted for shareholder approval at the AGM. Instead, the AGM will serve as an open forum for shareholders and beneficial owners of the Company's American Depositary Shares ("ADSs") to discuss Company affairs with management.
The record date (the "Record Date") for determining the shareholders entitled to receive notice of the AGM or any adjournment or postponement thereof has been set as the close of business on November 23, 2020.
Holders of record of the Company's ordinary shares at the close of business on the Record Date are entitled to attend the AGM and any adjournment or postponement thereof in person. Beneficial owners of the Company's ADSs are also welcome to attend the AGM in person.
About Puxin Limited
Puxin Limited (NYSE: NEW) ("Puxin" or the "Company") is a successful consolidator of the after-school education industry in China. Puxin has a strong acquisition and integration expertise to effectively improve education quality and operational performance of acquired schools. Puxin offers a full spectrum of K-12 and study-abroad tutoring programs designed to help students achieve academic excellence, as well as prepare for admission tests and applications for top schools, universities and graduate programs in China and other countries. The Company has developed a business model effectively combining strategic acquisitions and organic growth achieved through successful post-acquisition integration, which has differentiated the Company from other after-school education service providers in China.
For more information, please contact:
Puxin Limited
Phone: +86-10-6269-8930
E-mail: ir@pxjy.com
Institutional Capital Advisory (ICA)
Mr. Kevin Yang
Phone: +86-021-8028-6033
E-mail: puxin@icaasia.com
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SOURCE Puxin Limited