China 21st Century Education Group Limited (HK:1598) has released an update.
China 21st Century Education Group Limited has announced the termination of 13 Pre-Sale Contracts for office units, leading to a refund of RMB704,040.00 for the excess amount paid. This decision was made after evaluating the group’s current business operations and scale, and the board assures that it will not negatively impact the company’s financial position or operations.
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