RISE Education Cayman Ltd, through its subsidiaries, provides junior English language training services under the RISE brand in China, Hong Kong, and Singapore. The company offers a range of educational programs, services, and products, which primarily include educational courses, sale of course materials, franchise services, and study tours. It also provides educational consulting services; and academic tutoring, test preparation, and admissions consulting services. The company offers Can-Talk, Rise Library Online, Rise Camp, Rise Workshop, and Rise Overseas Study Tour complementary products, as well as STEAM Courses that integrates various subjects, such as science, technology, engineering, art, and mathematics. As of December 31, 2020, it had a network of 512 learning centers comprising 92 self-owned learning centers and 420 franchised learning centers. The company was founded in 2007 and is headquartered in Beijing, the People's Republic of China.
IPO Year: 2017
Exchange: NASDAQ
Website: risecenter.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 7/1/2021 | $7.50 → $2.90 | Outperform → Neutral | Credit Suisse |
BEIJING, Nov. 22, 2021 /PRNewswire/ -- RISE Education Cayman Ltd (the "Company") (NASDAQ:REDU) today announced that Ernst & Young Hua Ming LLP ("EY") had resigned as the independent registered public accounting firm of the Company, effective November 19, 2021. EY's audit report on the Company's consolidated financial statements as of and for the year ended December 31, 2020 did not contain an adverse opinion or disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope or accounting principles. During the audit for year ended December 31, 2020, there was no disagreements, as defined in Item 16F (a)(1)(iv) of Form 20-F and the related instructions, between the Com
Credit Suisse downgraded RISE Education Cayman from Outperform to Neutral and set a new price target of $2.90 from $7.50 previously
BEIJING, Aug. 22, 2022 (GLOBE NEWSWIRE) -- NaaS Technology Inc. ("NaaS" or the "Company") (NASDAQ:NAAS), one of the largest and fastest growing electric vehicle charging service providers in China, today announced its unaudited financial results for the quarter and six months ended June 30, 2022. Second Quarter 2022 Operational Highlights: Charging volume transacted through NaaS' network in the second quarter of 2022 reached 580GWh, representing an increase of 135% year over year. Total charging volume in the first half year of 2022 reached 1,062GWh, and increased by 160% year over year.Gross transaction value transacted through NaaS' network in the second quarter of 2022 reached RMB537.
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BEIJING, Aug. 22, 2022 (GLOBE NEWSWIRE) -- NaaS Technology Inc. ("NaaS" or the "Company") (NASDAQ:NAAS), one of the largest and fastest growing electric vehicle charging service providers in China, today announced its unaudited financial results for the quarter and six months ended June 30, 2022. Second Quarter 2022 Operational Highlights: Charging volume transacted through NaaS' network in the second quarter of 2022 reached 580GWh, representing an increase of 135% year over year. Total charging volume in the first half year of 2022 reached 1,062GWh, and increased by 160% year over year.Gross transaction value transacted through NaaS' network in the second quarter of 2022 reached RMB537.
BEIJING, June 10, 2022 /PRNewswire/ -- RISE Education Cayman Ltd ("RISE" or the "Company") (NASDAQ:REDU) announced that it expects to close the merger between RISE and Dada Auto Inc. ("NaaS") previously announced on February 8, 2022 (the "Transaction") after the close of trading hours for the Nasdaq Stock Market later today. As a result of the Transaction, RISE will change its corporate name to "NaaS Technology Inc." and its ticker to "NAAS." The number of the Company's shares represented by each American Depositary Share ("ADS") will also be changed from two (2) shares per ADS to ten (10) shares per ADS (the "Ratio Change"), which will have the same effect as a one-for-five reverse split on
BEIJING, June 1, 2022 /PRNewswire/ -- RISE Education Cayman Ltd ("RISE" or the "Company") (NASDAQ:REDU) today announced its plan to change the number of the Company's shares represented by each American Depositary Share ("ADS") from two (2) shares per ADS to ten (10) shares per ADS (the "Ratio Change"). The effective date of the Ratio Change is expected to be June 10, 2022. To effect this Ratio Change, ADS holders will be required to exchange their existing ADSs for new ADSs on the basis of one (1) new ADS for every five (5) existing ADSs surrendered. No fractional ADSs will be issued. Instead, the Company's depositary, JPMorgan Chase Bank, N.A. (the "Depositary"), will aggregate fractional
BEIJING, April 6, 2022 /PRNewswire/ -- RISE Education Cayman Ltd ("RISE" or the "Company") (NASDAQ:REDU) today announced that it has received a letter from the Listing Qualifications Department (the "Staff") of The Nasdaq Stock Market LLC ("Nasdaq") notifying the Company that its continued non-compliance with Nasdaq Listing Rule 5450(a)(1), which requires maintenance of a minimum closing bid price of US$1.00 per share, could serve as an additional basis for the delisting of the Company's securities from Nasdaq. The Company was previously granted a 180-day grace period to regain compliance with the minimum bid price requirement on September 27, 2021, which expired on March 28, 2022. The Compa
BEIJING, April 4, 2022 /PRNewswire/ -- RISE Education Cayman Ltd ("RISE" or the "Company") (NASDAQ:REDU) today announced that it will hold an extraordinary general meeting of shareholders (the "EGM") at Room 101, Jia He Guo Xin Mansion, No. 15 Baiqiao Street Guangqumennei, Dongcheng District, Beijing 100062, People's Republic of China, on Friday, April 29, 2022 at 10:00 a.m. (China Standard Time), for the purposes of considering and, if thought fit, approving the transactions contemplated in the Agreement and Plan of Merger (the "Merger Agreement"), dated February 8, 2022, pursuant to which the shareholders of Dada Auto Inc. ("NaaS") will exchange all of the issued and outstanding share capi
BEIJING, March 10, 2022 /PRNewswire/ -- RISE Education Cayman Ltd (NASDAQ:REDU) (the "Company") announced today that it received a letter from the Nasdaq Stock Market LLC informing it of a favorable decision from the Nasdaq Hearings Panel to grant the Company's request for continued listing on the Nasdaq Stock Market through June 30, 2022, subject to certain conditions, which include that on or before the same date, the Company shall have completed the previously announced proposed business combination with Dada Auto Inc. ("NaaS"), a leading operation and technology provider serving China's electric vehicle charging market, evidenced compliance with all applicable initial listing criteria fo
BEIJING, Feb. 8, 2022 /PRNewswire/ -- RISE Education Cayman Ltd (NASDAQ:REDU) (the "Company") and Data Auto Inc. ("NaaS"), a leading operation and technology provider serving China's electric vehicle ("EV") charging market, today announced that they have entered into a definitive Agreement and Plan of Merger (the "Merger Agreement"), pursuant to which the shareholders of NaaS will exchange all of the issued and outstanding share capital of NaaS for newly issued shares of the Company on the terms and conditions set forth therein in a transaction exempt from the registration requirements under the Securities Act of 1933 (the "Transaction"). Upon consummation of the Transaction, NaaS will becom
BEIJING, Jan. 18, 2022 /PRNewswire/ -- RISE Education Cayman Ltd (the "Company") (NASDAQ:REDU) today announced that on January 11, 2022, the Company was notified by the Listing Qualifications department (the "Staff") of The Nasdaq Stock Market LLC ("Nasdaq") that the Staff had determined to delist the Company's securities unless the Company timely requested a hearing before a Nasdaq Hearings Panel (the "Panel"). The Staff's determination was based upon its conclusion that the Company is a "public shell" as that term is defined in Nasdaq Listing Rule 5101 as the result of the Company's sale of substantially all of its assets on December 30, 2021, as well as the Company's failure to timely fil
BEIJING, Dec. 30, 2021 /PRNewswire/ -- RISE Education Cayman Ltd ("RISE" or the "Company") (NASDAQ:REDU), today announced that it has closed its previously announced sale (the "Sale"), in which, the Company has sold (i) all of the equity interests in Rise (Tianjin) Education Information Consulting Co., Ltd. to Wuhan Xinsili Culture Development Co., Ltd. on December 28, 2021; and (ii) all of the equity interests in RISE Education International Limited and Rise IP (Cayman) Limited to Bain Capital Rise Education IV Cayman Limited on December 30, 2021. Upon completion of the Sale, the Company has, through its subsidiaries, sold substantially all of its assets. In connection with the Sale, on Dec
BEIJING, Dec. 23, 2021 /PRNewswire/ -- RISE Education Cayman Ltd ("RISE" or the "Company") (NASDAQ:REDU), today announced the results of the Company's extraordinary general meeting of shareholders (the "EGM") held in Beijing today. At the EGM, shareholders, through a special resolution, approved the sale (the "Sale") of (i) all of the equity interests in Rise (Tianjin) Education Information Consulting Co., Ltd. ("WFOE") to Wuhan Xinsili Culture Development Co., Ltd. (the "Buyer SPV") in consideration of the Buyer SPV (a) paying to RISE Education International Limited ("Rise HK") consideration of RMB1 or in a foreign currency equivalent to RMB1, and (b) assuming all liabilities of WFOE and it
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6-K - RISE Education Cayman Ltd (0001712178) (Filer)
Gainers RISE Education Cayman Ltd (NYSE:REDU) shares jumped 138.5% to settle at $3.41 on Friday. RISE Education announced expected timing for the completion of the merger with Dada Auto. The Singing Machine Company, Inc. (NASDAQ:MICS) gained 60.4% to settle at $6.72. Cogent Biosciences, Inc. (NASDAQ:COGT) shares surged 58.7% to close at $7.87 on Friday after the company reported initial data from its ongoing Phase 2 APEX clinical trial. Alpha Tau Medical Ltd. (NASDAQ:DRTS) rose 40.2% to settle at $9.66. Alpha Tau Medical recently announced FDA approval of its IDE application to initiate its multi-center pivotal study for the treatment of recurrent cutaneous Squamous Cell Carcinoma usin
The ADSs of the Company are expected to start trading under the new name and ticker at 4:00 A.M. (Eastern Daylight Time) on June 13, 2022. As a result of the Transaction, RISE will change its corporate name to "NaaS Technology Inc." and its ticker to "NAAS."
Gainers NRx Pharmaceuticals, Inc. (NASDAQ:NRXP) shares gained 47.5% to settle at $0.8436 on Thursday. Based on the review of approximately 460 patients, Data Safety and Monitoring Board (DSMB) recently determined that the evaluation of NRx Pharmaceuticals’ Zyesami (aviptadil) should cease due to futility. Repare Therapeutics Inc. (NASDAQ:RPTX) surged 44.8% to close at $12.67 on Thursday after the company announced it has entered into a worldwide license and collaboration agreement with Roche for the development and commercialization of camonsertib. Repare will receive a $125 million upfront payment and is eligible to receive up to an additional $1.2 billion in potential milestones. Talk
Gainers Repare Therapeutics Inc. (NASDAQ:RPTX) jumped 38.1% to $12.08 after the company announced it has entered into a worldwide license and collaboration agreement with Roche for the development and commercialization of camonsertib. Repare will receive a $125 million upfront payment and is eligible to receive up to an additional $1.2 billion in potential milestones. Redbox Entertainment Inc. (NASDAQ:RDBX) rose 28.1% to $7.18 after declining over 16% on Wednesday. Yumanity Therapeutics, Inc. (NASDAQ:YMTX) gained 25.3% to $1.4288. Yumanity Therapeutics, last month, posted a Q1 loss of $1.24 per share. Avaya Holdings Corp. (NYSE:AVYA) jumped 24.4% to $5.30. MDJM Ltd (NASDAQ:MDJH) gaine
RISE Education Cayman Ltd (NASDAQ:REDU) has put forth its plan to change the number of shares represented by each American Depositary Share (ADS) from two shares per ADS to ten shares per ADS. The ratio change is expected to be effective from June 10, 2022. ADS holders will be required to exchange their existing ADS for new ADS on the basis of one new ADS for every five existing ADSs surrendered. The ratio change is expected to have the same effect as a one-for-five reverse split on the existing ADSs. Price Action: REDU shares are trading higher by 1.46% at $1.39 on the last check Wednesday.