Do you have the name of school waiting to convert to for-profit and do you know why the board waiting for profit approved and then they can announce dividened?
Although China created a mandate for for-profit elections several years ago, the provinces are responsible for implementing the change. Provinces have dragged their feet on this, so as far as I know, no schools have been able to convert to for-profit. YuHua has one for-profit school that opened post-mandate, so it didn't have to go through the conversion process (Zheizhang Software Voc & Tech). YuHua and peers have all indicated that they will convert to for-profit once the government tells them how.
The way the system is currently set up, companies can distribute dividends, and most do. YuHua needs to get their house in order following the debt restructuring, and then I think we'll see a dividend start rolling in.
Do you have the name of school waiting to convert to for-profit and do you know why the board waiting for profit approved and then they can announce dividened?
Although China created a mandate for for-profit elections several years ago, the provinces are responsible for implementing the change. Provinces have dragged their feet on this, so as far as I know, no schools have been able to convert to for-profit. YuHua has one for-profit school that opened post-mandate, so it didn't have to go through the conversion process (Zheizhang Software Voc & Tech). YuHua and peers have all indicated that they will convert to for-profit once the government tells them how.
The way the system is currently set up, companies can distribute dividends, and most do. YuHua needs to get their house in order following the debt restructuring, and then I think we'll see a dividend start rolling in.