Hailiang Education Group Inc. (NASDAQ:HLG) shifted in green area with rise of +0.14 points or +0.72% to $19.64. The firm has a market cap of $504.75M.The stock exchanged 6.06 thousand shares in recent trading session as compared to average volume of 23.67 thousand shares. It price to book (P/B) ratio registered at 3.34 and price to sale (P/S) is sits 4.57. The stock price changed -0.17% below its 200 day moving average of $19.67. The stock price is presently trading -0.17% down its SMA 50 of $19.67.
Hailiang Education Group Inc. (NASDAQ:HLG) today announced that its affiliate, Zhejiang Hailiang Education Investment Co., Ltd.,(“Zhejiang Hailiang”) has entered into a Strategic Cooperation Agreement (the “Agreement”) with Pate’s Grammar School Trading Company, a wholly owned subsidiary of Pate’s Grammar School ( “Pate’s”), a well-known British mixed government school, to strengthen the competitive advantages and fast growth of both Hailiang Education and Pate’s.
The purpose of signing the agreement between the two parties is to provide a higher standard of education to co-operative school(s), exchange teaching methods, cultural experience as well as explore the education market in both China and the UK. Pursuant to the Agreement, Pate’s will cooperate with Hailiang Education in delivering A-level and other international courses, providing education consulting services as well as launching annual exchange programs for students and faculty among co-operative school(s).
Mr. Ming Wang, Chairman and Chief Executive Officer of Hailiang Education, commented: “We are excited to partner with Pate’s Grammar School as Pate’s has a 443-years history with a stalwart reputation in England. Pate’s Grammar School was awarded as the ‘Best Secondary School in the Country’ in 2013 by The Times newspaper and was among the top 6 British mixed public high schools in 2016. 36 A-level students from Pate’s were accepted by Oxford or Cambridge universities in 2017. Cooperating with such a distinguished partner will increase Hailiang’s brand awareness as well as expand Hailiang’s international education market. According to the robust education market demand in China, we expect to establish about 10 cooperative schools or projects in the coming three years from 2018 to 2020. We look forward to growing our business through comprehensive and long-term cooperation with Pate’s.”