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Tag: AMBO

  • Ambow Education (AMBO) Is Yet Another Chinese After-Hours Mover

    Ambow Education Holding Ltd. (AMEX: AMBO) saw significant surges in its stock value, jumping nearly 16% yesterday and a staggering 250% in the after-hours trade session. Investors are eager to decipher the driving force behind this after-hour activity.

    Throughout this entire movement, AMBO climbed from below $0.11 to over $0.46.

    Specializing in hybrid online and offline learning solutions, Ambow Education operates through its platform, HybriU, catering to higher education and workforce training. Despite the lack of recent news, the stock’s upward trajectory raises eyebrows among analysts, prompting cautious optimism.

    ADS Ratio Change

    Two weeks ago, Ambow Education announced plans to alter the ratio of its American depositary shares (ADSs), converting from one ADS representing two Class A ordinary shares to one ADS representing twenty Class A ordinary shares, effective February 20, 2024.

    This adjustment, akin to a one-for-ten reverse ADS split, aims to realign compliance with NYSE American’s listing standards, disclosed by Ambow in October 2023.

    Broader Uncertainty

    Currently, no news seems to be driving the movement on this Chinese ticker, despite many being optimistic, based on chart patterns.

    Despite expectations for a proportional increase in ADS price post-change, Ambow Education warns of uncertainties regarding the actual outcome. The stock, trading under the symbol “AMBO” on NYSE American, anticipates the adjustment will bolster its market positioning.

    The ADS Ratio Change won’t affect the underlying Class A ordinary shares, and no shares will be issued or canceled. Holders will exchange every ten existing ADSs for one new ADS, with fractional entitlements aggregated and sold, ensuring compliance with regulatory requirements.

    Conclusion

    While investors remain cautiously optimistic about Ambow Education’s trajectory, the significance of this ratio change underscores the company’s strategic efforts to ensure compliance and enhance shareholder value. However, the ultimate impact on stock performance remains to be seen, emphasizing the need for prudent analysis amid market volatility.

  • Ambow Education (AMBO) Announces Partnership With Amazon

    Ambow Education (AMBO) Announces Partnership With Amazon

    Ambow Education Holding Limited (AMBO) has announced that it has expanded its strategic partnership with Amazon. Ambow Education and Amazon both entered into a partnership contract in 2018. The agreement between the two companies is related to Amazon Web Services (AWS) training and certification. Amazon and Ambow Education both agreed to jointly build a cloud skills training base.

    The AWS Global Cloud infrastructure is considered to be the most secure, extensive, and reliable cloud platform. This platform is providing over 175 fully-featured services from data centers globally and it covered 245 different countries and territories.

    As per the newly expanded agreement between the Amazon and Ambo,  AWS will not only include both AWS digital and classroom training courses as well as certification services offered by Huanyujun but also combine enterprise recruiting programs and training offerings. If we sum up the expanded cooperation of both the companies, Ambow will now offer AWS training for cloud skills, specific and catered to various enterprise hiring needs.

    Shares of Ambow  Education Holding Limited (NYSE: AMBO) traded up 125.97% as it gained +2.28 during the trading session of Monday. It has a closing price of $4.09. In the past 52-weeks of trading, this company’s share fluctuated between the low of $1.10 and a high of $4.81. It has moved up 271.82% from its 52-weeks low and moved down -14.97% from its 52-weeks high. This company market capitalization has remained high, hitting $85.64 million at the time of writing.

    The expanded cooperation between Amazon and Ambow Education also provides an opportunity for registered students at Huanyujun to gain first free access to sign-up for the joint program. Ambow Education is not only providing benefits in curriculum development, job placement services, and professional training but also offered services in career planning, job placement consultancy, and certification training.

    AMBO has recently introduced a new enterprise partnership program that is supported by AWS and will integrate the AWS cloud training and certification system into Ambow Panorama Digital Teaching System and Ambow Cloud Platform, making it accessible at the Huanyujun Education Hub. This new digital solution provides an opportunity for Ambow to attract more and more talented students to Huanyujun.