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ONE - Education Cleanup Claims First Victim As OneSmart Halts Most Operations
OneSmart International Education Group Limited ADS
OneSmart says its board has approved a halt in operations for all of its education programs and learning centers in China.
Chinese education stocks are dividing into two camps of above and below $1, with day traders emerging as the driving force for the latter.
We’ve previously said that stock buyers who can predict who is best-positioned to survive the current cleanup could profit handsomely, since most of China’s after-school education stocks are now trading at or near all-time lows.