日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

USEUROPEAFRICAASIA 中文雙語Fran?ais
World
Home / World / Americas

RYB's revenue up, but shares still falling

By Paul Welitzkin in New York | China Daily USA | Updated: 2017-12-01 11:11

Shares of RYB Education, Inc, the China-based company enmeshed in allegations of child abuse at one of its kindergartens in Beijing, fell almost 13 percent on Thursday as the company reported third-quarter revenue rose almost 40 percent over the same period last year.

RYB's American depositary shares declined by $2.63, or 12.94 percent, to close at $17.70 on the New York Stock Exchange.

RYB - which stands for Red, Yellow and Blue - said third-quarter revenue was $37.4 million, compared with $26.9 million for the third quarter of 2016. The company did not give a revenue comparison to the second quarter. For the first nine months of 2017, RYB said revenue was $101.7 million, compared with $76.1 million for the first nine months of 2016.

Shares had dropped on Wednesday after the company disclosed that there were parent complaints about other RYB-branded kindergartens, and class-action lawsuits were announced in the US against the company. The lawsuits seek to recover damages for alleged violations of US securities laws.

One of the law firms filing a class action suit is New York-based Liu, Zheng, Chen and Hoffman.

Louis Lu, a partner in the firm, told China Daily, "We just want to let the court here to do its part, to decide whether the company has been following US law. If the company broke securities law, it should be held liable.'

"We just want to protect shareholder interests," he added.

He said he could not disclose how many people have signed onto the firm's class action suit.

On Tuesday, Chinese police said they had detained a teacher suspected of using knitting needles to discipline children in the Beijing kindergarten, though they added that some other claims of child abuse were unfounded.

The allegations and a police investigation announced on Nov 23 created an online furor in China, generating more than 76 million mentions of "RYB" on Tencent Holdings Ltd's WeChat messaging service.

RYB's shares lost nearly 40 percent the next day before recovering some losses earlier this week. The plunge almost wiped out most of the 44 percent rise in the company's stock since its initial public offering in September.

In its earnings report, the company said that as of Sept 30, 2017, the number of students enrolled at RYB directly operated kindergartens was 21,413 and the number of franchise play-and-learn centers and kindergartens in operation were 910 and 209, respectively.

It did not provide numbers of enrolled students or franchise operations for the second quarter.

paulwelitzkin@chinadailyusa.com

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 一级肉体全黄裸片 | 亚洲一区二区三区在线免费观看 | 成人精品免费视频 | 精品久久久精品 | 自拍偷拍另类 | 欧美黄色a级片 | 黄色一级片子 | 深夜福利一区二区 | 日日碰碰| 第四色亚洲色图 | 青青草国产成人av片免费 | 天天色天天色 | 操人视频在线观看 | 91麻豆精品在线观看 | 日韩视频网址 | 成人午夜小视频 | 午夜视频成人 | 国产日韩中文字幕 | 欧美性猛交乱大交 | 精品国产乱码久久久 | 亚洲手机视频 | 久久精品5 | 欧美亚洲日本国产 | 婷婷色一区二区三区 | 中文字幕永久在线视频 | 国产在线视频不卡 | 国产激情图片 | 日韩精品视频在线免费观看 | 久久久精品久久久久 | 欧美成人午夜免费视在线看片 | 亚洲怡红院在线观看 | 日韩手机视频 | 成人看片免费 | 成人小视频在线免费观看 | 亚洲字幕av一区二区三区四区 | 国产精品久久久久久久久久久久久 | 黄色片在线观看视频 | 香蕉视频免费看 | av永久免费观看 | 色悠久久久 | 亚洲综合精品视频 |