Puxin

Puxin Limited Announces Changes to Board Composition

Retrieved on: 
Thursday, April 28, 2022

BEIJING, April 28, 2022 /PRNewswire/ -- Puxin Limited (NYSE: NEW) ("Puxin" or the "Company"), a private educational services provider in China, today announced that the Company has appointed Mr. Liang Zeng as an independent director to the Company's board of directors (the "Board"), effective April 28, 2022.

Key Points: 
  • BEIJING, April 28, 2022 /PRNewswire/ -- Puxin Limited (NYSE: NEW) ("Puxin" or the "Company"), a private educational services provider in China, today announced that the Company has appointed Mr. Liang Zeng as an independent director to the Company's board of directors (the "Board"), effective April 28, 2022.
  • Mr. Zeng served as senior vice president of Kingdee International Software Group Company Limited from 2003 to 2010.
  • Puxin Limited (NYSE: NEW) ("Puxin" or the "Company") is a private educational services provider in China.
  • Puxin offers quality educational services to students, and has developed online and mobile applications to enhance students' learning experience.

Puxin Limited Announces Change of Auditor to MBP

Retrieved on: 
Monday, March 7, 2022

The Company's decision to replace Deloitte with MBP was approved by the Audit Committee of the Company.

Key Points: 
  • The Company's decision to replace Deloitte with MBP was approved by the Audit Committee of the Company.
  • Puxin Limited (NYSE: NEW) ("Puxin" or the "Company") is a private educational services provider in China.
  • Puxin has a strong acquisition and integration expertise to effectively improve operational performance of acquired businesses.
  • Puxin offers quality educational services to students, and has developed online and mobile applications to enhance students' learning experience.

Puxin Limited Announces Regain Compliance with NYSE Minimum Price Requirement

Retrieved on: 
Monday, February 21, 2022

In order to regain compliance with the minimum share price requirement, the Company changed the ratio of its ADSs representing ordinary shares from one (1) ADS representing two (2) ordinary shares to one (1) ADS representing twenty (20) ordinary shares effective on January 31, 2022.

Key Points: 
  • In order to regain compliance with the minimum share price requirement, the Company changed the ratio of its ADSs representing ordinary shares from one (1) ADS representing two (2) ordinary shares to one (1) ADS representing twenty (20) ordinary shares effective on January 31, 2022.
  • On February 18, 2022, NYSE provided confirmation to the Company that a calculation of the Company's average stock price for the 30-trading days ended February 18, 2022 indicated that the Company's stock price was above the NYSE's minimum requirement of $1 based on a 30-trading day average.
  • Puxin Limited (NYSE: NEW) ("Puxin" or the "Company") is a consolidator of private educational services in China.
  • Puxin has a strong acquisition and integration expertise to effectively improve education quality and operational performance of acquired schools.

Puxin Limited Plans to Enter into the Fast-food Chain Restaurant in China

Retrieved on: 
Friday, February 4, 2022

BEIJING, Feb. 4, 2022 /PRNewswire/ -- Puxin Limited (NYSE: NEW) ("Puxin" or the "Company"), a private educational services provider in China, today announced that it is evaluating opportunities to expand its existing business by entering into the fast-food chain restaurants business in China.

Key Points: 
  • BEIJING, Feb. 4, 2022 /PRNewswire/ -- Puxin Limited (NYSE: NEW) ("Puxin" or the "Company"), a private educational services provider in China, today announced that it is evaluating opportunities to expand its existing business by entering into the fast-food chain restaurants business in China.
  • Puxin Limited (NYSE: NEW) ("Puxin" or the "Company") is a private educational services provider in China.
  • Puxin has a strong acquisition and integration expertise to effectively improve education quality and operational performance of acquired schools.
  • Puxin offers quality educational services to students, and has developed online and mobile applications to enhance students' learning experience.

Puxin Limited Announces Change to American Depositary Share Ratio

Retrieved on: 
Thursday, January 27, 2022

BEIJING, Jan. 27, 2022 /PRNewswire/ -- Puxin Limited (NYSE: NEW) ("Puxin" or the "Company"), today announced that it will change the effective date of its change to the ratio of its American depositary shares ("ADSs").

Key Points: 
  • BEIJING, Jan. 27, 2022 /PRNewswire/ -- Puxin Limited (NYSE: NEW) ("Puxin" or the "Company"), today announced that it will change the effective date of its change to the ratio of its American depositary shares ("ADSs").
  • In light of current market conditions, Puxin will instead change the ratio of its ADSs effective January 31, 2022.
  • For Puxin's ADS holders, the change in the ADS ratio will have the same effect as a one-for-ten reverse ADS split.
  • There will be no change to the Company's underlying ordinary shares, and no ordinary shares will be issued or cancelled in connection with the change in ADS ratio.

Puxin Limited Announces Change to American Depositary Share Ratio and Reports Receipt of NYSE Non-Compliance Notice Regarding Continued Listing Standards

Retrieved on: 
Friday, January 21, 2022

For Puxin's ADS holders, the change in the ADS ratio will have the same effect as a one-for-ten reverse ADS split.

Key Points: 
  • For Puxin's ADS holders, the change in the ADS ratio will have the same effect as a one-for-ten reverse ADS split.
  • There will be no change to the Company's underlying ordinary shares, and no ordinary shares will be issued or cancelled in connection with the change in ADS ratio.
  • The purpose of the ADS ratio change is to increase the Company's ADS price to be in compliance with the NYSE's trading price requirements.
  • The Notice has no immediate impact on the listing of the Company's ADSs, which will continue to trade on the NYSE.

Puxin Limited Provides Business Updates

Retrieved on: 
Friday, December 24, 2021

The Company will further adjust its business operations as required, and update its shareholders as appropriate.

Key Points: 
  • The Company will further adjust its business operations as required, and update its shareholders as appropriate.
  • Puxin Limited (NYSE: NEW) ("Puxin" or the "Company") is a private educational services provider in China.
  • Puxin has a strong acquisition and integration expertise to effectively improve education quality and operational performance of acquired schools.
  • Puxin offers quality educational services to students, and has developed online and mobile applications to enhance students' learning experience.

Puxin to Report Second Quarter 2021 Financial Results on December 29, 2021

Retrieved on: 
Wednesday, December 22, 2021

BEIJING, Dec. 22, 2021 /PRNewswire/ -- Puxin Limited (NYSE: NEW) ("Puxin" or the "Company"), a private educational services provider in China, today announced that it will report its financial results for the second quarter ended June 30, 2021, before U.S. markets open on December 29, 2021.

Key Points: 
  • BEIJING, Dec. 22, 2021 /PRNewswire/ -- Puxin Limited (NYSE: NEW) ("Puxin" or the "Company"), a private educational services provider in China, today announced that it will report its financial results for the second quarter ended June 30, 2021, before U.S. markets open on December 29, 2021.
  • Puxin Limited (NYSE: NEW) ("Puxin" or the "Company") is a private educational services provider in China.
  • Puxin has a strong acquisition and integration expertise to effectively improve education quality and operational performance of acquired schools.
  • Puxin offers quality educational services to students, and has developed online and mobile applications to enhance students' learning experience.

Puxin Limited to Hold Annual General Meeting on December 20, 2021

Retrieved on: 
Wednesday, November 24, 2021

BEIJING, Nov. 24, 2021 /PRNewswire/ -- Puxin Limited (NYSE: NEW) ("Puxin" or the "Company"), a consolidator of private educational services in China, today announced that it will hold its annual general meeting of shareholders (the "AGM") at Floor 5, Dingjun Building, No.

Key Points: 
  • BEIJING, Nov. 24, 2021 /PRNewswire/ -- Puxin Limited (NYSE: NEW) ("Puxin" or the "Company"), a consolidator of private educational services in China, today announced that it will hold its annual general meeting of shareholders (the "AGM") at Floor 5, Dingjun Building, No.
  • 75 Suzhou Street, Haidian District, Beijing, People's Republic of China on December 20, 2021 at 9:00 a.m. 11:00 a.m. (Beijing Time).
  • Puxin Limited (NYSE: NEW) ("Puxin" or the "Company") is a consolidator of private educational services in China.
  • Puxin has a strong acquisition and integration expertise to effectively improve education quality and operational performance of acquired schools.

Puxin Limited Responds to Media Reports

Retrieved on: 
Tuesday, July 27, 2021

The Company will proactively seek guidance from, and cooperate with, the government authorities in connection with its efforts to comply with the Opinion and any related rules and regulations.

Key Points: 
  • The Company will proactively seek guidance from, and cooperate with, the government authorities in connection with its efforts to comply with the Opinion and any related rules and regulations.
  • Further information regarding these and other risks is included in the Company's filings with the U.S. Securities and Exchange Commission.
  • 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.